On July 8, 2016, the Internal Revenue Service (IRS) released proposed regulations regarding the Affordable Care Act’s (ACA) individual mandate. The proposed regulations also discuss the concept of employer-provided affordable coverage, and highlight the interaction between affordable coverage and an opt-out arrangement. While not final, the regulations provide reliable guidelines for employers who utilize opt-out provisions, as well as employers who are interested in incorporating such an arrangement into their group health plan.
New IRS Regulations May Minimize the Advantages of Opt-out Arrangements
Aug 22, 2016 11:43:44 AM / by Deborah Hyde posted in ACA, hr compliance, Front Page Post, opt-out, affordability, Affordable Care Act, Deborah Hyde