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1 minute read

Your firm's chance to weigh in on healthcare reform

Jared Bilski
by Jared Bilski
May 16, 2011
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The IRS wants to hear your thoughts on one of the most controversial provisions in the healthcare reform law: the shared responsibility mandate. But you don’t have much time to respond.

Employers have until June 17, 2011, to submit public comment to the IRS.

Commonly referred to as “Play or Pay,” the shared responsibility provision would require firms with at least 50 full-time equivalent (FTE) employees to pay a penalty if they fail to offer FTE workers healthcare coverage – or if they offer coverage that’s unaffordable or doesn’t provide minimum value, starting in in 2014.

The feds are looking for comments on specific definitions of employer, employee and hours of services, proposed methods for calculating work hours for hourly and non-hourly workers, as well as other issues.

For detailed info on how to submit comments, click.

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Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.

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