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IRS Confirms ACA Mandate Penalties Still Effective

U.S. Supreme Court Legalizes Same-sex Marriage Nationwide

The Affordable Care Act (ACA) mandated that applicable large employers (ALEs) offer acceptable health coverage that met minimum standards. It also required individuals to obtain acceptable health coverage. Failure to meet these requirements resulted in penalties to the employer or individual.

On January 20, 2017, President Trump signed an executive order intended “to minimize the unwarranted economic and regulatory burdens” of the ACA. In response, the IRS has issued letters on both the employer and individual mandates clarifying that the executive order did not change the law and, thus, the penalties still apply.

Our content partner, Zywave, has prepared a Compliance Bulletin that expands upon this topic. You can read the ACA Compliance Bulletin here.

You can find more information like this on our Employer Benefit Resource page.

All insurance policies are different. Be sure to review your insurance policy for specific information about coverages available to you. Nothing in this post is meant to suggest a guarantee of coverage.