• Businesses with 25 or fewer employees and with average annual wages of $40,000 or less are eligible for a credit of up to 50 percent of nonelective contributions they make toward insurance premiums for their employees.
  • Taxes on distributions from health savings accounts for non-qualified expenses will be increased to 20 percent of the distribution. Flexible spending account reimbursements will be capped at $2,500.
  • Employers with 50 or more employees who fail to offer coverage to all full-time employees, or offer inadequate coverage in any month will be required to pay a penalty equal to the "number of full-time employees over a 30-employee threshold … multiplied by one-twelfth of $2,000."

Source: Journal of Accountancy

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