On July 24, 2014, the IRS released Revenue Procedure 2014-37 to index the Affordable Care Act's (ACA) affordability percentages for 2015 under the employer mandate. The IRS also adjusted upward the income level under which employees are exempt from the ACA's individual mandate.Employer Mandate …
Healthcare Reform News
IRS sets max fines for health coverage refusal
It’s official: if you make a quarter of a million bucks a year and decide not to pay for health insurance, you’re going to have to fork over $2,448 to the feds.The Internal Revenue Service finally released its maximum fines for those who choose to go without health insurance. Under terms of the …
Affordable Care Act refunds due from four Kentucky insurers
Kentucky families will receive $6.2 million in refunds, an average of $43 per family, under a provision of the Affordable Care Act known as the 80/20 rule.The refunds announced Thursday by the federal government are the result of the rule requiring insurance companies to spend at least 80 percent of …