GCG – IRS Confirms ACA Mandate Penalties Still Effective

The Internal Revenue Service (IRS) Office of Chief Counsel has
recently issued several information letters regarding the
Affordable Care Act’s (ACA) individual and employer mandate
penalties. These letters clarify that:

  • Employer shared responsibility penalties continue to
    apply for applicable large employers (ALEs) that fail to
    offer acceptable health coverage to their full-time
    employees (and dependents); and
  • Individual mandate penalties continue to apply for
    individuals that do not obtain acceptable health
    coverage (if they do not qualify for an exemption).

Click here to download the entire whitepaper.

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This entry was posted in Blog, GCG Financial and tagged . Posted on August 15th, 2017 by liz