Last week, the Department of Health and Human Services (“HHS”) and Internal Revenue Service (“IRS”) released a minimum value calculator to determine whether the percentage of the total allowed costs of benefits provided under a group health plan is at least 60% – a requirement in order for the employer plan to be treated as
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How Employers Can Approach Health Care Reform’s Shared Responsibility Penalty
By Monique Warren on
Posted in Health Care Reform
Many employers put off making plans to deal with the employer shared responsibility penalty provision of the 2010 health care reform law until after the November elections. With President Obama’s re-election and no real possibility of legislative repeal, procrastinating further would be ill-advised. Employers need to understand now the way the penalty can be triggered…