Substantial penalities by the Department of Labor (DOL)
Substantial penalties are enforceable by the Department of Labor (DOL) for employers who have arrangements that pay for or reimburse their employees and/or owners for an individual health insurance policy. In other words, if your Company is paying for or reimbursing your employees or you for an individual health care policy, then you are subject to these penalties. The penalties are $100 a day per employee, up to $36,500 per employee per year. These penalties do not apply to ACA compliant employer sponsored group health insurance plans. If your Company is paying for or reimbursing you or anyone for any health insurance outside of the Company’s ACA compliant plan, you should stop immediately. If you have questions, please call us.