Blog Tag: voluntary benefits
The Internal Revenue Service (IRS) has finally started to enforce the employer shared responsibility requirement (the “Employer Mandate”) in the Affordable Care Act and is now mailing notices to employers who may owe a penalty for 2015. Because of data quality issues, many employers will be assessed amounts they do not owe.
When we shop for important things such as cars, appliances, and electronics there is a natural tendency to stay with what we know from past experiences and buy the same brand and model. It is a safe, dependable decision that we can feel good about. When it comes to insurance plans, many people have the same decision-making process and want to stick with “something and someone I know”. Again, a safe decision but maybe not the right one as we move ahead in the new work of benefits. The Affordable Care Act has changed the way we think of all our insurance plans, not just medical.