Posts Tagged: 4980H

Employer Penalty Guidance

in Affordable Care Act

Late Friday afternoon, the IRS released proposed regulations on the calculation and determination of the employer penalty provisions of the Affordable Care Act. In general, these provisions impose a monetary penalty on certain employers who do not provide a minimum level of health coverage to their full-time employees. The proposed regulations are lengthy, but include a number of interesting surprises, including the following: – The employer penalty provisions require coverage for both full-time employees and their dependents (children up to age 26, but not spouses). – All employers in a controlled group are aggregated together to determine whether an employer… Continue Reading