The IRS issued final rules Wednesday that clarify employers’ responsibilities under the Affordable Care Act when they offer employees help to buy Obamacare plans.
The final rule (T.D. 9949; RIN 1545-BP17) says employees that are enrolled in Obamacare plans through a health reimbursement arrangement (HRA), or are eligible for an HRA that provides ACA-required benefits, can’t seek premium tax credits that generally help lower-income people afford the plans.
The ACA’s 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 Internal Revenue ...