NEWS
IRS Resets Clock on ACA Penalties
Marcia Zarley Taylor DTN Executive Editor
Fri Feb 20, 2015 11:05 AM CST

HADDONFIELD, N.J. (DTN) -- The Internal Revenue Service this week issued a temporary peace offering to small employers who can't afford group health coverage and instead reimburse employees for their individual premiums. The practice remains illegal under the Affordable Care Act (ACA) for plans in place since 2014, but employers won't be liable for penalties of $100 per day per employee until July 1, 2015, IRS said.

The IRS guidance, Notice 2015-17 (http://www.irs.gov/…) retroactively exempts small employers with under 50 employees from the act's most severe penalties, but only through mid-year. Employers with standalone Health Reimbursement Accounts or ...

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