On this week's show, hosts Doug Field and Ron Bachman talk with one of the industry's top legal experts, Chris Condeluci, principal and sole shareholder of CC Law & Policy. Starting at ten minutes, Chris and the hosts discuss purchasing an individual market plan on a tax-free basis, potential changes for small employers to be aware of and other policy changes affecting health care consumerism today and in the future.
Dating back to January 2013, Treasury, HHS and the DOL have issued six pieces of guidance (and they have also codified this guidance in regulations) providing that employers will be subject to an excise tax penalty of $100 per day/per violation if they provide a tax-free contribution to employees to purchase an individual market plan. In other words, the Federal Departments’ guidance effectively prohibits the tax-free purchase of an “individual” market plan.
However, the House of Representatives recently passed legislation that would reverse the federal departments’ guid