by Ryan Smith from Insurance Business Mag
Even as the Trump administration tries to find ways around the Affordable Care Act, the Internal Revenue Service has finally begun to enforce one of its most controversial rules: the employer mandate.
Thousands of businesses may soon hear from the IRS that they owe penalties because they didn’t offer their employees qualifying health insurance. The first batch of notices is headed to companies with at least 100 full-time employees.
Large companies – those with 50 or more workers, according to government reckoning – are required to offer their employees affordable health insurance. The alternative – at least in theory – was paying stiff tax penalties, according to a New York Times report. But the IRS has held off on assessing those penalties so far, saying it needed more time to build its compliance systems. But now, apparently, the honeymoon is over.
“As the IRS has publicly stated, the agency is obligated to enforce the Affordable Care Act’s employer shared responsibility provision,” IRS spokesman Bruce Friedland told the Times…
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