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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A small employer that purchases a qualifying health benefit plan must:
(1) pay 50 percent or more of the premium for each employee covered under the qualifying health benefit plan;
(2) offer coverage to all eligible employees receiving annual wages from the employer in an amount described by Section 1508.051(a)(2) or 1508.052(b), as applicable; and
(3) contribute the same percentage of premium for each covered employee.
(b) A small employer that purchases a qualifying health benefit plan under the program may elect to pay, but is not required to pay, all or any portion of the premium paid for dependent coverage under the qualifying health benefit plan.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1508.054. Employer Contribution Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1508-054/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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