The Stop The HIT Coalition Invites You to a Small Business Health Care Roundtable
When: Tuesday, December 18, 2018
10:00 AM - 11:00 AM
Who: Hosted by the Stop The HIT Coalition with Colorado small businesses, representing the retail, service, and restaurant industries.
Where: The Mining Exchange Hotel
The BRONZE Room
8 S. Nevada Ave.
Colorado Springs, CO 80903
Why: Small business owners in Colorado and across the U.S. are facing a costly financial burden in the form of the health insurance tax, or HIT, which is slated to take effect in 2020. The HIT is a federal sales tax on health insurance plans purchased by small business owners and workers who receive their health benefits through an employer.
Congress needs to act before the end of this year to delay the Health Insurance Tax from going into effect in 2020. If Congress does not suspend this tax in 2020, Colorado small business owners and seniors on Medicare will be hit with higher health insurance premiums as they renew their coverage next year.
Colorado is home to more than 572,500 small businesses, which employ more than one million Colorado workers. A study by Oliver Wyman shows that Colorado families in the small employer market could be faced with $422 on average in higher premiums in 2020 as a result of the HIT. Absent Congressional action to delay the HIT for 2020, this tax is estimated to disproportionately impact 142 million Americans, particularly those earning an income between $10,000 and $50,000.
RSVP: Space is limited; please RSVP to: Karen Mason, [email protected], 970.485.2557
About the Stop the HIT Coalition:
The Stop The HIT Coalition represents the nation’s small business owners, their employees and the self-employed who are actively working to repeal the Health Insurance Tax. Since the Coalition’s formation in 2011, it has grown to include more than 35 national organizations, representing millions of small business owners across the country. For more information, please visit www.StopTheHIT.com.