The Internal Revenue Service is trying to explain just how cafeteria plans and health reimbursement arrangements affect whether a worker is getting access to "affordable" health coverage.
The IRS rules could affect whether your benefits client's worker has a legal right to shun employer coverage, seek subsidized coverage from a Patient Protection and Affordable Care Act, and expose the client to the risk of having to pay thousands of dollars in fines.
The IRS has given its thoughts about how employer contributions to cafeteria plans and HRAs affect official PPACA health benefits affordability in a new batch of final PPACA coverage mandate penalty regulations. The IRS based the final regulations on draft regulations released in January.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
