Employee Benefits Blog

IRS to Begin Enforcing 4980H Penalties on Large Employers Before End of 2017

On November 2, 2017, the IRS issued guidance regarding the enforcement of Employer Shared Responsibility payments, otherwise known as the Section 4980H penalty. Questions 55-58 of the IRS Questions and Answers on Employer Shared Responsibility Provisions Under the Affordable Care Act indicate that the IRS is moving forward with assessing penalties on Applicable Large Employers […]

November 10, 2017 | 2 min read | Tagged: 4980H, ACA, Affordable Care Act, employer shared responsibility, health care reform, health plans, IRS, large employer penalties, minimum essential coverage

Kerry E. Parker Former Associate

You Received a Health Insurance Marketplace Notice from HHS – Now What?

Take a deep breath. The HHS Health Insurance Marketplace Notice (the “Notice”) may seem to be a nuisance, but it does not necessarily mean that you will be subject to employer shared responsibility penalties. First, the IRS, not HHS, assesses employer shared responsibility penalties, and the IRS does so only after it provides employers with: […]

August 18, 2016 | 2 min read | Tagged: Checklist, employer shared responsibility, HHS, Insurance Marketplace, Insurance Marketplace Notice, IRS, Notice, premium tax credit

Allison B. Bans Counsel