The Wage Parity Act places financial obligations on New York home healthcare companies that threaten the solvency of an entire industry. For example, a company with 1000 forty-hour work week employees could have a liability near $5,000,000 in 2015.
While self-insured group medical has been attractive to the home healthcare industry, it may not conform with The Wage Parity Act’s new guidelines.
If you are interested in learning how to be compliant with The New York State Wage Parity Act and better understand your options, contact us here.