Many Westchester businesses are focused on the upcoming healthcare employer mandate—that is, beginning next year, large employers must offer affordable health insurance to full-time employees and their dependents or be subject to penalties. (This applies to employers with 50 or more full-time employees and will be phased in over two years, depending on employer size). What employers also need to focus on—though it won’t take effect until 2018—is the excise tax, also known as the “Cadillac Tax.” The tax applies to what the government considers “high-cost” employer health-benefit plans — for most workers, more than $10,200 annually for individuals and $27,500 for families. Employers will have to pay 40 cents of tax for every dollar of health-care costs that exceed those amounts.
Score another home run for Westchester! Acorda Therapeutics is embarking upon a $6 million expansion on the Ardsley Park life science campus in Westchester County, which will culminate in the creation of 90 new jobs, in addition to the company’s current workforce of 282 people, according to today’s Westchester Business Journal.
The Westchester County Association today announced the launch of a new event series designed to give the Westchester business community the chance to learn from some of the region’s most knowledgeable, influential, and strategic thinkers. Through an array of events for members and the business community at-large, Business Intel will feature hot topics, trends, and tips (“business intel”) from leaders in healthcare, finance, real estate, technology, and more. First up is “Healthcare Reform 2.0,” a breakfast for employers and employees on April 3 featuring Kevin Smith, Northeast Exchange Solutions Leader with Mercer, offering strategies and guidance on evolving healthcare insurance models...
At a reception Thursday night, the Westchester County Association honored Montefiore Medical Center for their commitment to revitalizing healthcare in Westchester County. Hosted by the WCA’s Healthcare Consortium and BLUEPRINT for Westchester, top healthcare executives and business leaders welcomed Dr. Steven Safyer, president and CEO, and other senior members of the Bronx-based organization, and embraced their expansion into Westchester County.