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Tuesday, January 3, 2012

Connecticut Requires Businesses to Subscribe to a Premium Only Plan

In 2007, Connecticut legislature passed a law requiring that all Connecticut employers sponsoring healthcare for their employees, as well as providing employees with tax-free deductions on their premium contributions, subscribe to an IRS provided section 125 premium only plan. Legislation enacted this requirement with the hope that POP plans would increase the accessibility of sponsored health insurance for employee's state wide.

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