Small Businesses Threatened With $36,500 IRS Fines For Helping Employees With Health Costs

Forbes ^ | 6/30/15 | Grace-Marie Turner

[Uncle Miltie]

There is no law.

But the IRS makes stuff up.

And the Supremes say, “Sounds good! Go for it!”

Congress should disband.

[NEMDF]

Exactly!
Think of all who would be uninsured if not for some help with the premiums by their employers. (This is SERIES, not /s.)

[NEMDF]

I think SMALL employers can exclude anyone. It is 50 and over that have to insure all “full time” or whatever.

[Paladin2]

Add some firecrackers, ammo and guns and you’re on....

[ican'tbelieveit]

Not according to this:

And employers with fewer than 50 workers are not exempt, as they are from the employer-mandate penalty.

[Nowhere Man]

As Chuck Harder,former talkshow host,used to say “no good deed goes unpunished.”

[tbw2]

I don’t remember when they stopped, but if you worked for Budweiser, you got a couple of free cases every month.

[VMI70]

“I don’t remember when they stopped, but if you worked for Budweiser, you got a couple of free cases every month.”

Same with Philip Morris-a carton a week.

[NEMDF]

I think we are talking about 2 different things (the “employer mandate” that requires employers of 50 or more to offer/provide health insurance vs the fines for small businesses discussed in the article/thread).

But I could be wrong.

[PA Engineer]

They should name this the "Large Insurance Protection Act." It forces small businesses into the insurance pools. As insurance companies merge to stay afloat, there are fewer and fewer to choose from.

This is part of the plan to reduce the number of insurance companies until there is only one. Single payer will be introduced then.

Pure evil.

[ican'tbelieveit]

No, in the article, talking about small employees, with more than 1 employee, subject to this new fine, there are some exclusions.

The rule covers employers with more than one employee participating in an employer health care/coverage payment arrangement. Employers can exclude workers who 1) have fewer than three years of service to the company; 2) are under age 25; and 3) are part-time or seasonal employees. The $100 a day fine applies for all other employees covered by the payment arrangement. S Corporations are exempt through the end of 2015.

[NEMDF]

I give up.

[ican'tbelieveit]

What was your stinking point?

[expat2]

Yes, it’s no accident that O’s buddy Warren Buffet is in the insurance business big-time.

[NEMDF]

I guess my point was that I don’t think that small employers are required to provide ANY health insurance to anyone. ?

[ican'tbelieveit]

Fair enough. But, then you go from small employers providing for their employees to the government forcing them to not do this.

This government who bemoans evil, rich, employers taking advantage of their poor employees is forcing employers to not take care of their employees in ways that they can..

[lowbridge]

Bump

[EVO X]

Think of all who would be uninsured if not for some help with the premiums by their employers. (This is SERIES, not /s.)

There is nothing stopping them from helping the employees, they just can't do it by cutting them a tax free check to buy private insurance or subsidized exchange insurance.

[NEMDF]

I think it is similar to how they (fed) wanted the states to provide their own exchanges, and have mandated that the over 50 employers MUST provide insurance. They (fed) WANT the small employers to offer GROUP health insurance. This would keep the employees of small employers off of the 0bamacare exchanges, both national and state. So to encourage that, they are PUNISHING small employers who say, “We will not offer a group health insurance plan, but we will help you with your premiums to get individual/family coverage on the exchanges”.

So they are penalizing small employers in an effort to FORCE them to get group insurance instead of letting them help their employees with premium costs.

[Delta 21]

Or be able to get more than 29.5 hours a week while doing it.