I wanted to make a recommendation to you for future new hires and open enrollments. If you are not already doing so, you may want to consider having employees complete waivers if they choose not to take medical coverage and keeping a copy of the waiver on file. You will want to get an updated waiver each renewal as proof that you offered them coverage in the event that they apply for a subsidy for individual coverage through healthcare.gov. This is particularly important if you have more than 50 employees or may in the next year as it can help protect you from potentially paying the employer shared responsibility payment as you will have documented that you did offer the employee coverage and have something to share with the IRS in the event that they ask.
As always, please let me know if you have any questions regarding the Affordable Care Act or employee benefits.
Elizabeth Ingram
Account Manager, Employee Benefits
CU Insurance Solutions
Phone: 800-287-3379 x 312
info@insurancetrust.us