September 21, 2011 11:10:24 am
Public Comments Requested on Safe Harbor Provision
The U.S. Treasury Department and the Internal Revenue Service seek public comments regarding the healthcare reform law’s proposed safe harbor affordability provision. Currently, the Affordable Care Act required employers to determine affordability based on their employee’s household income. The safe harbor provision would allow the employer to determine affordability based on the employee’s wages.
Beginning in 2014, the Affordable Care Act requires employers with 50 or more full-time employees to offer affordable health coverage for all full-time employees or face a “shared responsibility payment.”
For more information on the proposal and instructions on sending your comments, please see Accounting Today.
Tags: Healthcare, Employee Benefits, Accounting Standards
Comments:
Leave a comment:
| REDW Main Office REDW LLC 7425 Jefferson Street NE Albuquerque, NM 87109 505.998.3200 |
REDW Phoenix Office REDW LLC 5353 N 16th St, Suite 200 Phoenix, AZ 85016 602.730.3600 |
Website & Email redw.com info@redw.com |