If I offer affordable health benefits, and still one of my empolyees declines coverage, and buys in an exchange. Will the $3,000 penalty apply to my company?
Will My Business Get Penalized If An Employee Declines Health Insurance Coverage?
12689 POINTSview profileTed RatliffOwner, SFS Associates,The law states that you must offer coverage. If you have a record that coverage was offered and declined then you will not be penalized. The key here is proper record keeping. There are several reasons an employee may decline your group plan They may be able to receive coverage from a spousal plan for example. There are still many questions that need addressed in the new legislation, and there is a lot of misinformation. An agent versed in the new mandates can be of help as the deadlines approach. The coverage offered must meet the mandates affordability guidelines however.Answered on May 22, 2013flag this answer
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