LITTLE ROCK - A new health insurance policy is about to be available for small businesses in Arkansas. Governor Bebee says "It's a program that we've worked out with the federal government so that for those employees that they have that are within 200% of the poverty level, that's about forty thousand dollars a year for a family of four, can have insurance that is subsidized by the state and federal government so that they may be paying only ten or twelve percent of the total cost between the employer and the employee. I think the federal government is actually paying about 81% so this provides small businesses retain their employees with these additional fringe benefits by providing affordable and accessible health care coverage."
Arkansas Health Net is available only to Arkansas employers that have between two and 5 hundred employees, have not offered health care coverage as group benefit to their employees for at least one year,agree to cover all employees, nd have at least one employee who qualifies for federal and state funding support.
Employees need to work at least 30 hours per week and are not eligible for coverage for the Arkansas state and school health plan.