The HR & Payroll Resource Center is your integrated, comprehensive source for HR and Payroll information that merges news, analysis, and guidance — including custom answers, webinars,...
The treatment of employer reimbursements under the Affordable Care Act was addressed by the Internal Revenue Service in information letters released for the last three months of 2014.
Reimbursement of employees by employers for medical expenses and the exclusion of such reimbursements from workers' wages under tax code Section 105 are considered to be group health plans and must satisfy market rules enacted under the health-care law, the IRS said in INFO 2014-0037.
Employer reimbursement of employees' premiums for individual health insurance policies may be excluded from workers' gross income under Section 106, even if the employer pays the premiums directly to the insurance company, because the reimbursement arrangement is treated as a group health plan, the agency said in INFO 2014-39.
However, employers that do not provide group health coverage but want to help employees with the purchase of health coverage can provide the employee additional compensation, the IRS said. The additional pay is not excluded from income because it is not restricted to the payment of medical expenses, it said.
The letters provide general statements of law without applying them to a specific set of facts. They are furnished by the IRS national office and released Dec. 26 for the three-month period ended Dec. 31. The IRS considers information letters to be advisory, with no binding effect.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)