Employers who want to help workers buy health insurance on the Obamacare market would have new guidelines for navigating tax provisions of the health law, under a new IRS proposal.
The Trump administration in June expanded the uses of health reimbursement arrangements, reimbursement accounts that can be used to cover an employee’s purchase of health insurance through the individual market of the Affordable Care Act exchange. Now the Internal Revenue Service is proposing to clarify how the employer mandate of the ACA and certain nondiscrimination provisions interact with the expanded health reimbursement arrangements.
The employer mandate requires that certain large employers offer affordable coverage that meets the minimum coverage requirements under the health law, or make a payment to the IRS for not doing so.
The IRS asked the public for input on how to navigate the interaction of the Affordable Care Act and the plans the administration created in a November 2018 notice. That came after President Donad Trump called for an expansion of health reimbursement arrangements and two other health insurance options.
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