Employers Fear Fallout From Biden Bid to Expand Health Subsidies

An IRS proposal that would allow more family members to get Obamacare subsidies shouldn’t result in fines on companies that don’t provide affordable family coverage, large employers are telling the agency.

It’s “extremely important to our members that the changes to PTC [premium tax credit] eligibility for family members not directly or indirectly change in any way the obligations or liability for employers under the employer mandate or the employer reporting requirements,” the American Benefits Council said in its comment letter on the Internal Revenue Service’s proposed rule (RIN 1545-BQ16). The council represents large employers that provide health and retirement ...