You may have already received information about notifying employees of the new state exchange (Covered California) under the ACA (Affordable Care Act), but I want to pass this information on as a reminder and resource for you. The CA exchange is slated to open October 1, 2013 so employee notifications need to follow the provided guidelines. See email forwarded below.
If you have any questions regarding your responsibility as an employer please contact the Department of Labor from link below.
DOL elaws: Fair Labor Standards Act (FLSA) Advisor. – Do I have to comply with the FLSA? http://www.dol.gov/elaws/esa/flsa/scope/screen24.asp
Thank you and if you have any questions for me please don’t hesitate to contact me and I am happy to help you.
Welcome to the Covered California Shop and Compare Tool
In just one click, you can find out what health insurance plans you can buy, and if you qualify for monthly premium assistance or Medi-Cal.
Get Covered | Covered California™.
President Obama has empowered the IRS to enforce this law and oversee every Americanâ€™s health insurance decisions.Â It is deeply concerning that all Americans will now be asked to turn over the private health insurance information about their children and families to a disgraced organization that has admitted to abusing the power which was entrusted to them.Â This law will require thousands of new IRS agents and billions of dollars to enforce the law.
Elements of the law IRS will enforce:
- Individual Mandate: Starting in 2014, individuals will be required to carry health insurance through one of several means. Individuals will certify their health insurance coverage via their tax return. For any individual who does not meet the requirement, the individual will pay a tax penalty to the IRS.
- Employer Mandate: If an employer has more than 50 employees and fails to provide insurance to their employees, the employer must pay a $2,000 per employee fine to the IRS.
- Health Insurance Exchange Information: As part of the health insurance exchange application process, individualâ€™s data will be cross-referenced with IRS records to determine income eligibility. Additionally, if the individual is employed, the IRS will be responsible for cross-referencing the employeeâ€™s W-2 income from their employer to determine if the insurance is â€œaffordable.â€
- Â Responsible for collecting over 21 different taxes: PPACA included 21 different tax hikes such as the Medical Device Tax and the new Medicare tax on Unearned Income. The IRS will be responsible for collecting all of these new tax provisions totaling more than $500 billion.
IRS Enforcement of ObamaCare | Americans for Prosperity.