ICARE is set up to help small businesses with 2 to 25 employees that have not had coverage within the past 12 months and employers of individuals with high-cost conditions. The budget for ICARE is $20 million over a two-year period. An estimated 4,000 businesses could benefit along with 20,000 employees.
The program will provide immediate fixed, monthly, per employee Health Care Incentive payment to eligible employers” of $40 per employee/per month to previously uninsured and $60 per employee/per month to individuals with high-cost condition. The employer must pay at least 50% of the individual employee’s premium.
This could be a great incentive to employers with no coverage. It is sad in this country that so many employers can’t or don’t offer health coverage.
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