In continuing coverage, the Daily Caller
(5/28, Howley) reports that the Internal Revenue Service has revealed it “plans to fine companies $36,500 per employee per year if the companies give their workers money to help them buy health insurance plans rather than directly providing health insurance coverage for the workers.”
In a Q&A post on its website, the agency wrote, “Under IRS Notice 2013-54, such arrangements are described as employer payment plans. An employer payment plan, as the term is used in this notice, generally does not include an arrangement under which an employee may have an after-tax amount applied toward health coverage or take that amount in cash compensation.”
