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IRS: Employers can't 'dump' workers on health care exchange

 
Posted Tuesday, May 27th 2014 by Neal Colgrass, Newser Staff

(NEWSER) – The IRS has sent a message to employers—that they can't just hand workers cash and "dump" them into insurance exchanges. Spelled out in a Q&A document, the ruling says employers will be taxed an extra $100 a day for each worker sent into the marketplace to buy their own insurance. The decision seems aimed at larger employers, who, under ObamaCare, must provide full-time workers with health care (average cost: $5,000 a year per employee) or be subject to penalties, the New York Times reports.

Read the full story on Newser.com

 

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