Updated Small Employer Wage for Healthy NY
The New York State Department of Financial Services (DFS) issued the following guidance regarding Healthy NY:
“The Healthy NY wage level for small employers is being updated commensurate with increases in the Federal Poverty Guidelines. The wage level for small employer eligibility criteria is being increased to $43,000. This means that at least 30% of the small employer’s eligible employees must earn $43,000 or less in annual wages and that small employers must offer Healthy NY to all employees who work 20 or more hours per week and earn $43,000 or less in annual wages. Additionally, at least one employee who earns $43,000 or less annually must enroll in Healthy NY.”
We will begin using this amount immediately. The Application for Small Businesses and the annual recertification form have been updated to reflect this change.
Read the entire DFS Healthy NY Program Guidance.
If you have additional questions, please contact your broker or account consultant.