IRS Issues Guidance for Employer-Mandated Insurance
The IRS has released guidance and draft forms for employers to use to comply with the Patient Protection and Affordable Care Act. Employers with more than 1oo employees must offer insurance by January 1, 2015 or face a fine of $2,000 per employee. Employers with 50 through 99 employees have until January 2016 to comply and employers with less than 50 employees are exempt from the insurance mandate. [9/2/14]