The IRS is cracking down on employers who offer a medical reimbursement plan to employees enrolled in individual (non-group) health plans. Don’t let your business fall victim to costly ACA penalties. Read through our tips to learn how you can help your business stay compliant with the new healthcare laws and regulations.
With the “full time equivalent workers” provision of the Affordable Care Act (ACA) comes new enforcement initiatives for workers classified as independent contractors. The IRS and Department of Labor have made the issue of misclassification a priority item, with this new legislation additional resources have been provided to agencies for enforcement.
Along with the delay of Employer Mandates, the Treasury Department also announced on July 2, 2013 that the new employer and insurer reporting requirements will be delayed until 2015.