The IRS is stopping businesses from making their employees part-time as well?
As I understand it, what they are doing is making it so that companies cannot spin off sub-companies that will be set up to have the number of employees be below the “magic” number of 50 employees. They are doing this by looking at the ownership of the companies and if there is a common ownership, then for the purpose of “fines/Taxes” associated with Obamacare all of those companies are considered to be one. Thus the fines are going be based on those figures.
Not yet, I'm sure it is coming.
The IRS though is requiring every person who files taxes in April 2014, to additionally supply what insurance that person has, when they purchased it, and what it covers, to ensure that the taxpayer is compliant with the mandatory coverage required under the law. If your plan is a group plan, and that plan does not have the required coverage, you then will be assessed a fine/tax because you the employee don't have the required coverage.
And if you bought your plan, let's say, December of 2013, to comply with having coverage, they will also assess the fine/tax, because the law requires that every person (individual mandate) must have insurance in the calendar year 2013.
My company is getting ready to renew our group insurance 7/1. I have two employees who cannot afford the coverage, we're a very small company, and the new law states that if you want any new insurance plan (instead of the grandfathered plan) you must have 75% participation of all eligible employees. So if you have allowable exceptions (employees under 26 on their parents plans / employees on their spouses' plans / VA, etc) everyone left must still meet the 75% compliance.
So, what this means to us, is that we have a grandfathered plan, it may be compliant with the required government coverage, I'm going to be checking with the insurance people on Monday, I want to be able to forewarn my employees before they get surprised by the fine/tax.
This is all a big freaking boondoggle.