In Colorado, an initiative will be on the ballot this fall allowing voters to choose whether they want Amendment 56 passed. If passed, employers with 20 or more employees would be required to offer some sort of health care coverage to their employees. The specifics of this law would force employers to pay a minimum of 80% of the premium cost for employees and a minimum of 70% of premium costs for employee dependents. Employers could either provide health insurance through an insurerís group plan or through a new state authority that will contract with private plans.
For businesses with employees in Colorado, this is something to watch carefully. With premiums rising every year, paying upwards of 80% may be a cost-prohibitive option. Now may be the time to review the plans available to see whatís the best fit quality-wise and price-wise.