(This information relates only to Employer-Sponsored Group Health Plans. It does not concern either Medicare Plans or Individual and Family Health Plans)
Re: Premium Reimbursement by Employers (outside of an ACA-Approved Group Health Plan) is a Costly Violation
Starting on July 1st, the IRS will begin assessing a penalty of $100 a day (per employee for each affected employee) to employers who continue to pay for employees’ individual health plans. Please click below link to this article.
We would be happy to help your company find affordable solutions to comply with local and federal requirements regarding health insurance.
Phil Lee
Lee Health Insurance Services
800-286-7445