IRS Shared Responsibility for Employers Regarding Health Coverage; Proposed Rule

January 2, 2013
The Internal Revenue Service (IRS) released details about how it will determine if employers are offering affordable health care benefits to full-time employees, and how it will impose fines on employers who are out of compliance. The proposed rule defines the employers affected, the classes of employees who must be offered benefits, and how affordability will be established. The rule defines affordable benefits as employee-only coverage with at least a minimum set of benefits, for which the employee pays premiums totaling no more than 9.5% of household income.
Download the Report
. . .