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The Return of Tax-Free Medical Premium Payments
The Return of Tax-Free Medical Premium Payments
New act addresses ACA penalty many employers, including churches, faced.

At the close of 2016, Congress enacted the 21st Century Cures Act, with massive bipartisan support. While the Act addresses several health-related issues, perhaps of most interest to church leaders is a provision relieving many small employers of one of the most feared provisions in the Affordable Care Act: the infamous $100 per day per employee penalty. Prior to the passage of the 21st Century Cures Act, the Internal Revenue Service could impose this penalty on any employer that continued to pay or reimburse employees' medical insurance under a private plan.

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Church Finance Today, 2017, May
Posted April 19, 2017
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