I.R.S. Starts to Enforce Health Law’s Rule That Employers Offer Insurance
- 6 years ago
I.R.S. Starts to Enforce Health Law’s Rule That Employers Offer Insurance
When the health law was passed, lawmakers feared that without an employer mandate, companies would cancel their insurance benefits
and send large numbers of employees to the health care law’s insurance exchanges, where many people qualify for government subsidies.
has publicly stated, the agency is obligated to enforce the Affordable Care Act’s employer
shared responsibility provision,” said Bruce Friedland, an agency spokesman.
As Republicans and the Trump administration continue trying to chip away at the Affordable Care Act, the Internal Revenue
Service has begun, for the first time, to enforce one of the law’s most polarizing provisions: the employer mandate.
Large companies, defined in the law as those with 50 or more workers, are required
to offer their employees affordable insurance or pay stiff tax penalties.
Thousands of businesses — many of them small or midsize — will soon receive a letter saying
that they owe the government money because they failed to offer their workers qualifying health insurance.
The law’s exact rules are complex, but businesses will generally incur fines of around $2,000 per employee (excluding the
first 30) if they do not offer qualifying coverage to nearly all of those who work an average of 30 or more hours a week.
When the health law was passed, lawmakers feared that without an employer mandate, companies would cancel their insurance benefits
and send large numbers of employees to the health care law’s insurance exchanges, where many people qualify for government subsidies.
has publicly stated, the agency is obligated to enforce the Affordable Care Act’s employer
shared responsibility provision,” said Bruce Friedland, an agency spokesman.
As Republicans and the Trump administration continue trying to chip away at the Affordable Care Act, the Internal Revenue
Service has begun, for the first time, to enforce one of the law’s most polarizing provisions: the employer mandate.
Large companies, defined in the law as those with 50 or more workers, are required
to offer their employees affordable insurance or pay stiff tax penalties.
Thousands of businesses — many of them small or midsize — will soon receive a letter saying
that they owe the government money because they failed to offer their workers qualifying health insurance.
The law’s exact rules are complex, but businesses will generally incur fines of around $2,000 per employee (excluding the
first 30) if they do not offer qualifying coverage to nearly all of those who work an average of 30 or more hours a week.