An IRS proposal that would allow more family members to get Obamacare subsidies shouldn’t result in fines on companies that don’t provide affordable family coverage, large employers are telling the agency.
It’s “extremely important to our members that the changes to PTC [premium tax credit] eligibility for family members not directly or indirectly change in any way the obligations or liability for employers under the employer mandate or the employer reporting requirements,” the American Benefits Council said in its comment letter on the Internal Revenue Service’s proposed rule (RIN 1545-BQ16). The council represents large employers that provide health and retirement benefits to employees.
The proposal would change eligibility for Affordable Care Act premium tax credit subsidies to include family members of employees who have employer coverage that meets ACA requirements. About 5 million people are affected by this “family glitch,” but the number of uninsured people who would gain coverage through the proposed rule is only 200,000, according to the White House.
The employers’ concerns center on the ACA’s shared responsibility provision, under which employers with at least 50 full-time employees are liable for large penalties if they don’t provide coverage that meets standards for affordability and minimum coverage for individual workers. But companies aren’t...
She is 66 and on Original Medicare. Her latest Medicare Summary Notice (MSN) lists a $1,200 knee brace from a supplier she has never heard of. Her knees are fine and no package ever came. Medicare...