Annual $36,500 tax per worker for noncompliance with Obamacare

http://msbusiness.com/2015/08/irs-drops-a-bomb-on-small-employers/ ^ | August 13, 2015 | Jack Weatherly

[funfan]

Gruberized.

[Robert A Cook PE]

But Obola’s and Hillary’s slaves in their ABCNNBCBS press corpse will never cover it.

[Attention Surplus Disorder]

Failure is the ONLY option.

[Paine in the Neck]

The purpose of this is to make sure workers get captured by ObamaCare and not helped by the employer into private insurance.

[C. Edmund Wright]

...who said Scotland and Canada had fabulous government healthcare systems?

[Texas Eagle]

Wait till John Boner and Miotch McConnell hear about this! They’ll promise to repeal ObamaDon’tCare root and branch.

[Flick Lives]

But now the IRS has served notice that under the rule that has been in effect since July 1 such employers are subject to $100 per worker per day excise tax if they help their employees with their health-care costs.

Brilliant. Punish employers who help defray the cost of health insurance. Result; fewer workers, fewer employers, fewer benefits. Mission accomplished by the Regime.

[Diogenesis]

Scum EXEMPT Boehner KNEW this
and made $$$$$$$$$$$$$$$ off it.

[immadashell]

The NFIB is backing two measures that have introduced in Congress that would address the situation, he said.

The simplest and most deserving measure is IMPEACH!

[jpsb]

Well if this is true that I am out of business. I will wait for confirmation.

[Mastador1]

Obamacare it just keeps on giving and giving...................higher bills.

[DJ Frisat]

Words fail me. After all the lies, exaggerations and broken promises about Obamacare, nothing surprises me anymore.

[ltc8k6]

http://www.dol.gov/ebsa/faqs/faq-aca22.html

Q1: My employer offers employees cash to reimburse the purchase of an individual market policy. Does this arrangement comply with the market reforms?

No. If the employer uses an arrangement that provides cash reimbursement for the purchase of an individual market policy, the employer’s payment arrangement is part of a plan, fund, or other arrangement established or maintained for the purpose of providing medical care to employees, without regard to whether the employer treats the money as pre-tax or post-tax to the employee. Therefore, the arrangement is group health plan coverage within the meaning of Code section 9832(a), Employee Retirement Income Security Act (ERISA) section 733(a) and PHS Act section 2791(a), and is subject to the market reform provisions of the Affordable Care Act applicable to group health plans. Such employer health care arrangements cannot be integrated with individual market policies to satisfy the market reforms and, therefore, will violate PHS Act sections 2711 and 2713, among other provisions, which can trigger penalties such as excise taxes under section 4980D of the Code. Under the Departments’ prior published guidance, the cash arrangement fails to comply with the market reforms because the cash payment cannot be integrated with an individual market policy.(6)

[ltc8k6]

It’s absolutely true. I had to convince my employer of it months ago and get them to change, or we would have been in trouble.

Had to go with ACA SHOP coverage.

http://www.dol.gov/ebsa/faqs/faq-aca22.html

http://www.marketwatch.com/story/what-changes-to-obamacare-could-mean-for-small-business-taxes-2015-06-16

[Graybeard58]

obummercare - don’tya just love it.

[MarvinStinson]

They make it a little complicated, don’t they.

You think that is DELIBERATE?

[Drango]

Hillary says HA HA.

[MarvinStinson]

Valerie Jarrett and Soros say HA HA.

[MarvinStinson]

The basic action of the left is to make it impossible for the general population to survive financially.