Help is Coming for Small Businesses

houseWhen the ACA was written the law has come with its fair share of challenges and there have been many changes. When the law was passed the I.R.S. drafted a regulation that imposes fines on small business for doing what the very law is meant to do, help individual and families afford health insurance. Kevin Kuhlman, policy director for the National Association of Independent Business said, ” Reimbursing employees for the cost of insurance or medical services is a way for small businesses to help their workers without the administrative headaches of setting up a costly group plan.” The IRS has said for doing so they will impose a $100 a day, per employee fine, that’s $36,500 per employee a year.

Congress is trying to modify the rulesenate with H.R. 2911. There is also legislation in the Senate, S.1697, to modify the rule. With bi-partisan support for modifications there is hope that action will be taken quickly.  Kuhlman stated later, ” There’s no real justification for penalizing small businesses that do what the law’s strongest supporters claim to want, which is to help employees obtain coverage or pay medical bills…” There is a anticipation that this modification as well as many other modifications to the ACA will take place now that the King Vs. Burwell case has been ruled on.

Here at DesignTM Health we have immersed ourselves in the laws and regulations that surround the ACA, and there is a solution for small businesses to provide a reimbursement to employees for individual health insurance compliant with the ACE. Read more about this solution on ZANE BENEFITS

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