Thursday, February 19, 2015

More Dictator Rules From Obozo

The petty, petty tyrant has new rules.

The Internal Revenue Service will delay imposing excise taxes on small businesses that reimburse their employees for the cost of buying individual health insurance policies.

These types of employer payment plans are group health plans that don't comply with the market reforms in the Affordable Care Act, according to the IRS. As a result, employers that offer health reimbursement arrangements (HRAs) could be subject to excise taxes of $100 a day per employee.

In a new notice, the IRS said small businesses — those with fewer than 50 employees — with HRAs will not be subject to excise taxes until July 1, 2015.

Yah, there's a reason:  the damnfool setup (SHOP exchanges) provided by Obozo doesn't work.


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