Note: The information in this section is highly fluid and unstable under the current administration. As of the updated date of the Model Policies and Forms for Oregon Employers, this information is correct. Please continue to watch for email updates from us for the most up-to-date information on this topic.
In 2011, the agencies vested with defining the specifics of healthcare reform released proposed regulations on several issues important to employers.
The Internal Revenue Service (IRS) released regulations providing guidance on the premium tax credit provided under the healthcare reform law. The tax credit, which became available in 2014, is designed to provide assistance for low-income individuals purchasing insurance through the state-based exchanges that will begin to operate in the same year. Individual eligibility for the tax credit is a critical issue for employers because businesses offering a health plan that fails to provide “minimum essential coverage” will be assessed $3,000 per employee who takes advantage of the tax credit to purchase coverage through an exchange.
While the contours of minimum...
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