The IRS Office of Chief Counsel recently released an information letter regarding the employer shared responsibility (pay or play) penalties under the ACA. This information letter confirms that the pay or play penalties continue to apply for ALEs that fail to offer acceptable health coverage to their full-time employees (and dependents). This ACA Compliance Bulletin provides an overview of the IRS information letter.
IRS Confirms ACA Pay or Play Penalties Still Apply
Tag(s): ACA Compliance1