Small Businesses Face Steep Penalty With Non-ACA Compliant Health Care Plans
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The employer payment plans fail to meet the ACA market reforms, whether they are put into effect before or after tax. Companies with fewer than 50 employees for the prior calendar year that have not transitioned away from such plans by June 30, 2015, will face penalties of $100 per employee, per day.
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Allison Ebner is content editor for Promo Marketing, NonProfit PRO and Print+Promo. Reference any animated movie, "Harry Potter" character or '80s band and you'll become fast friends.
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