261—174.9 (15,15G,83GA,SF344) Sufficient benefits requirement—on or after July 1, 2009. To be eligible to receive state financial assistance or tax credit benefits, applicants shall offer sufficient benefits to each FTE permanent position. “Sufficient benefits” and “sufficient benefits credit” are defined in rule 261—173.2(15,15G,83GA,SF344). An employer may select one of the following options to meet the sufficient benefits requirement:

Option 1
80% Single Coverage	Option 2
50% Family Coverage	Option 3
Monetary Equivalent	
Pay 80% of premium costs for a standard medical and dental plan, single coverage.
$750 maximum deductible	Pay 50% of premium costs for a standard medical and dental plan, family coverage.
$1,500 maximum deductible	Provide medical and pay the monetary equivalent of Option 1 or Option 2 in supplemental employee benefits.	Benefits Counted Toward Monetary Equivalent
●	Medical coverage
●	Dental coverage
●	Vision insurance
●	Life insurance
●	Pension
●	401(k) (company’s average contribution)
●	Short-/long-term disability insurance
●	Child care services
●	Other nonwage compensation	
[ARC 7970B, IAB 7/15/09, effective 7/1/09; ARC 8145B, IAB 9/23/09, effective 10/28/09]