Indemnity Play with Preventive Care?!?!?!

[AllenChicago]

That will work for 2014, but NOT 2015 tax year. Every carrier is required to send a 1095B to the IRS and the client showing proof of creditable coverage.

YAgents, thanks a million for this valuable information! I'm going to start adding 2015's 2% IndivResp Penalty-Tax to the STM Premium, and see if the STM makes financial sense, compared to the alternatives. (ie, A SEP)
ac

 

[kgmom219]

I make people respond to an email that says they understand that buying an STM policy will still result in the ACA penalty.

Cuz I'm sweet like that

The dollars won't matter now unless they have an SEP. Its STM or nada.

 

[AllenChicago]

I make people respond to an email that says they understand that buying an STM policy will still result in the ACA penalty.

Cuz I'm sweet like that

The dollars won't matter now unless they have an SEP. Its STM or nada.

KGMom, generating a S.E.P. is just as easy as avoiding the I.R. penalty-tax. As this latest case before SCOTUS indicates, what something says isn't really what it is, unless it says it is.

 

[somarco]

Beating a dead horse, the financial risk of an STM policy is far greater than just the tax penalty.

 

[kgmom219]

KGMom, generating a S.E.P. is just as easy as avoiding the I.R. penalty-tax. As this latest case before SCOTUS indicates, what something says isn't really what it is, unless it says it is.

I had to have enough coffee to even GET that.

If its not a valid SEP, I'm not writing it. If hc.gov wants to, that's fine. I'm not.

And I work VERY hard to make sure I never hear the phrase "you didn't tell me that". And that includes people who pay the penalty due to an STM plan. I've already had 3 emails asking for a 1095 for their STM policy, because the accountants don't get it either.

 

[Yagents]

Also, the employer mandate took effect as of Jan 1 2K15. Won't this employer be subject to the penalty due to not offering a Minimum value plan?

Here is an article discussing this
HHS issues final rule closing ACA minimum value health plan loophole | Employee Benefit Adviser

 

[Tkruger]

Here is an article discussing this
HHS issues final rule closing ACA minimum value health plan loophole | Employee Benefit Adviser

Thanks for that!