The IRS threatens to punish businesses seeking to send employees to seek coverage via individualized Obamacare Plans. The Hill,
“The Internal Revenue Service (IRS) this month said employers are not permitted under the rules of ObamaCare to provide tax-free money to employees to help them cover the cost of healthcare premiums on the federal exchanges.
“Some businesses had been considering whether a lump sum payment would be cheaper than keeping workers on their in-house insurance plans.
“But the IRS said tax-free payments to employees would not meet the coverage requirements of the healthcare law, meaning any business that provided them would face penalties of up to $100 per day from the government.”