Appeal Promptly if You Get Notice of Staff Receiving Exchange Subsidies

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More employers have been receiving notices from their state health insurance exchange, informing them that one of their employees has received subsidies to purchase insurance on the exchange and that the employer may be subject to a penalty for not offering employees a health plan that complies with the law. The notices are not calls to pay a fine – only the IRS can do that – but employers need to respond with documentation to show that they did in fact offer affordable coverage that meets the minimum value requirements of the Affordable Care Act. If you receive a notice,…
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OSHA Gets Tough on Audits and Penalties, May Affect Employers Earlier than Expected

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Those higher fines that federal OSHA plans on implementing Aug. 1, can actually start applying to any workplace safety violations that were cited in inspections as early as February of this year. That’s because OSHA can take as long as six months after an inspection to issue citations and the penalties it proposes for the employer. This sobering news comes as OSHA finalizes new regulations regarding electronic reporting of injuries and has started conducting more probing investigations than it has in the past. Under the federal budget for 2016, fines for the most common violations – serious and other-than-serious –…
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Want to Reimburse Your Staff for Health Premiums? A $36,500 per-employee Fine Lurks

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By now, most business owners know about the yearly $2,000 per-employee fine they would face for not securing health coverage for their employees under the Affordable Care Act. But there is even a larger fine that threatens under recent regulations issued by the IRS – and it’s not for failing to secure coverage. It’s for helping them secure coverage from a public exchange or open private market. And it applies to ALL employers, even those that are small enough to not be required to provide insurance for their full-time employees under the ACA’s employer mandate. The fine? Up to $36,500…
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