Employers across the country have started to receive warnings from the IRS that they owe tens of thousands of dollars (or more) in Affordable Care Act (ACA) penalties, but so far, Louisiana small business owners seem to be unaffected. The Advocate reported that NFIB/LA, the Baton Rouge Area Chamber of Commerce, and GNO Inc. have not received member complaints about the issue.
Under the ACA, companies with more than 50 full-time employees must offer affordable health insurance to their workers, and if any of those workers have purchased a policy through the ACA marketplace and received a subsidy for it in 2015, the IRS has begun sending penalty assessments to those employers.
And while NFIB/LA has not gotten notice about members receiving these penalty letters so far, State Director Dawn Starns told The Advocate that members have struggled with the fact that when they have tried to comply with the coverage mandate, neither the IRS nor federal government has indicated whether they are doing so correctly.
“We’re concerned that a lot of small business owners could get blindsided by this,” she told The Advocate.
Let NFIB/LA know if your business is being affected by these ACA penalties.