The following new provisions apply only to employers that impose a surcharge on customers to cover, in whole or in part, the costs of the HCSO spending requirement.
- Covered Employers will be required to report two new pieces of data to the OLSE during the annual reporting process: 1) the amount of money collected from the surcharge for employee health care and 2) the amount of money spent on employee health care.
- If the amount collected from the surcharge is greater than the amount spent on employee health care, the Covered Employer must irrevocably pay or designate an amount equal to that difference for health care expenditures for its employees.
Our new Frequently Asked Questions (FAQs) explain these new provisions in more detail. (PDF) Chinese (PDF) Spanish (PDF)
Last updated: 2/24/2012 4:02:38 PM