Ok health experts, I have a question I hope you guys can answer on section 4980d. Although the president pushed back the employer mandate to offer ACA compliant plans and allowed ACA non compliant plans to remain in effect. He did not delay the $100 a day excise tax per employee regardless of the companies size.for a company that offers a non ACA compliant plan...so my question is are all of these companies both large and small that are still offering non compliant ACA plans potentially raking up $100 a day per employee fines? The law went into effect on 1/12014 and I can't find anything written that says it has been delayed along with the mandate. In theory a company with 10 employees on 1/1/2014 could already be facing $100 x10 x 160 days or about $160,000 excise tax.
This also brings up another question for a self employed person who has bought a non compliant short term policy or mini med policy and has chosen to pay the pay or play fine. Can there company then be hit with the $100 excise tax?
Here is a copy of the law and a nice article from a law firm that discuses..
26 U.S. Code § 4980D - Failure to meet certain group health plan requirements | LII / Legal Information Institute
Hinkle Law Firm LLC
This also brings up another question for a self employed person who has bought a non compliant short term policy or mini med policy and has chosen to pay the pay or play fine. Can there company then be hit with the $100 excise tax?
Here is a copy of the law and a nice article from a law firm that discuses..
26 U.S. Code § 4980D - Failure to meet certain group health plan requirements | LII / Legal Information Institute
Hinkle Law Firm LLC