"We're not selling health insurance...
We're helping you pay for it."
THE COST OF HEALTH CARE IS ON THE RISE.
That's why the Commonwealth of Massachusetts has created a program
to help you and your employees pay for health insurance The Insurance
Partnership is not a health plan Instead, it makes health insurance
more affordable for qualified business owners and their employees.
Important Advantages for Your Business:
decreases the cost of health insurance coverage for the employer
makes it more affordable for employees to pay for health insurance
improves a company's business reputation
helps attract and retain valued employees and improves morale
delivers payments up-front, to help with cash flow
makes health insurance more accessible to all employees
How Much Can Your Business Save?
For each eligible employee enrolled, the business will receive up to $1,000 a year in Insurance Partnership payments based on the employee(s) tier of coverage (the business must have an enrolled eligible employee to receive a payment).
How Does the Insurance Partnership Work?
For each enrolled employee, the Insurance Partnership pays you a fixed monthly sum determined by the tier of coverage the employee elects. Each month, you will receive two payments that include both your Insurance Partnership payment(s), and the Premium Assistance payment(s) made for your enrolled employees, your company is responsible for adjusting each employee's payroll to reflect the Premium Assistance payment(s).
Tier of Coverage Monthly Payment to Employer = Annual Savings of:
Individual
$33.33
$400
Couple
$66.66
$800
One Adult/One Child
$66.66
$800
Family
$83.33
$1,000
Does Your Business Qualify?
To join the Insurance Partnership, a business must:
employ 50 or fewer full-time employees. For example, if you have 60 total employees (50 full-time employees and 10 part-time employees) you qualify
offer (or plan to offer) comprehensive health insurance to its employees
contribute (or be willing to contribute) at least 50% of the cost of the insurance purchased by the employee
How Will Your Employees Benefit?
An enrolled employee's cost for your company-sponsored health insurance
will be only $12 per child to a maximum of $36, $27 per month for
an Individual plan, or $54 a month for an Employee/Spouse plan --
we pay the balance. Employees do not need to be currently enrolled
in the company health plan to apply.
Do Your Employees Qualify?
To qualify for the insurance Partnership Program, an employee must:
be between the ages of 19 and 64 (inclusive)
be a resident of Massachusetts
receive comprehensive health insurance through his or her qualified employer
have a family income that meets the Employee Income Standards
The ABC Company has an eligible employee with one child and the family tier of coverage. With the Insurance Partnership (IP), the employee will pay only $10 per month towards health insurance. The employer receives a separate payment of $83.33 each month covering this family.
Sample Breakdown: Assuming a $600 monthly premium and 50% employer contribution, savings are:
Present Cost for Health Insurance
With the Insurance Partnership
Monthly Savings
$400 for Employer
$316.67
$ 83.33
$400 for Employee
$ 12.00
$388.00
To Apply for The Insurance Partnership:
Complete the Employer Application it starts the process.
If you don't have an application you can visit www.insurancepartnership.org
to download an Employer Application.
Mail the Employer Application & attachments to the address below
Approval for the Insurance Partnership should come within 5-10 days. We will provide you with everything needed to assist your employees with enrollment, including literature and applications (Medical Benefit Request forms or MBRs) to distribute to your employees for completion. In some cases, a representative will assist with enrollment.
Mail your employees' completed MBRs and appropriate attachments to:
Butler & Associates, Inc.
195 Washington Street
North Easton, MA 02356
Phone: 508-230-7283
195 Washington Street á North Easton á MA á 02356 á 508-230-SAVE/7283
