Sunday, March 6, 2016

Another Obamacare Penalty

This one is a business killer. Beginning July 1, 2015, any small business that directly reimburses their employees for health insurance or medical bills can be hit with a $100 penalty per day per employee up to $500,000. This penalty can hit employers with as few as two employees. The purpose of the penalty is to force employers to set up company group health insurance plans or drive employees to the health exchanges. It is beyond belief that employers are being punished for trying to help their employees with health insurance. I haven't heard of any enforcement actions yet on this issue, but watch out.

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