§ 10505.
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§ 10505. Health benefit costs
(a)Employers shall provide their employees with an annual statement indicating:
(1)the total monthly premium cost paid for any employer-sponsored health benefit plan;
(2)the employer’s share and the employee’s share of the total monthly premium; and
(3)any amount the employer contributes toward the employee’s cost-sharing requirement or other out-of-pocket expenses.
(b)Notwithstanding the provisions of subsection
(a)of this section, an employer who reports the cost of coverage under an employer-sponsored health benefit plan as required by 26 U.S.C. § 6051(a)(14) shall be deemed to be in full compliance with the requirements of this section. (Added 2017, No. 73, § 16, eff. Jan. 1, 2018.)