Health Care Fallout

Big Penalties Disrupt Small-Business Benefits

Because of new IRS rules in effect in 2014, Idaho producer Dick Wittman and his family no longer reimburse employees for medical insurance they buy on their own. Instead they opted for a more expensive small group insurance plan.
Under recent IRS regulations, small business owners face fines of $100 per day per employee for offering stand-alone medical reimbursement plans. Unfortunately, that will require small business owners to shift how they administer popular and widely used fringe...

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