Close Close

Life Health > Health Insurance > Life Insurance Strategies

Show Me State To Employers: 1CShow Me The Coverage 1D

Your article was successfully shared with the contacts you provided.

Missouri Gov. Matt Blunt says he wants to reduce the state’s franchise tax for employers that provide health coverage for employees.

The health coverage deduction could eliminate the franchise tax for about 87% of Missouri employers, Blunt, a Republican, said earlier this week during his State of the State address, according to a written version of his remarks.

Blunt also talked about changing Missouri laws to make employer-sponsored health coverage easier to take from one job to another; creating a health insurance purchasing pool for individuals without health coverage; encouraging the federal government to adopt a national association health plan law; allowing employers and employees to pay health insurance premiums with tax-free dollars; and allocating $20 million to implement these proposals and others.

Missouri’s single-state association health plan program has cut premiums 40% to 50% for some small employers, Blunt reported.

Blunt wants to make long term care insurance premiums 100% tax-deductible, and he also wants to update the state’s Medicaid health insurance program for the poor to provide expanded wellness and disease management services along with performance-based compensation for providers.

Medicaid members would get incentives to improve their own health, Blunt said.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.