A federal court decision Tuesday that throws into question government subsidies provided through the federal insurance exchange doesn’t affect California directly, but it could have an impact on Affordable Care Act funding through employer fines, a local insurance broker says.
If the subsidy no longer exists, the trigger for fines on employers whose workers qualify for those subsidies is gutted, said Carolyn Lewis, a spokeswoman for the Sacramento Association of Health Underwriters.
The employer mandate has been delayed until 2015 for employers with more than 100 workers — and 2016 for those with 50 to 99 — but business owners will be on the hook for as much as $3,000 per employee if at least one full-time worker shops in an exchange and qualifies for a subsidy.
Read the full article here.
Contact Steven Cosby with questions or to request more information and to schedule a healthcare plan evaluation, savings analysis or group plan solution for your company.