A bill to provide Federal payments for employers to encourage them to continue the provision of benefits under employer-sponsored health insurance plans for former employees who are currently unemployed, with tax penalties for employers who refuse to do so and to amend the Internal Revenue Code of 1954 to impose similar tax penalties in the future upon employers whose employer-sponsored health insurance plans do not include provision for such continuation of benefits.

Summary

Provides Federal payments to employers for the entire amount of the cost of continuation of benefits under employer- sponsored health insurance plans for former employees who are currently unemployed for a period of one year or until such former employee's unemployment compensation entitlement expires. Provides tax penalties for employers who refuse to continue such health benefit plans. Denies the income tax deduction presently allowed for payments by employers whose employer-sponsored health insurance plans do not include provision for such continuation of benefits.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 12 March 1975

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.