We have a small non-profit office of 5 employees. We have offered health insurance in years past to our employees and done the Employer Payment Plan, where each employee chooses his or her medical insurance and the company simply pays the premiums directly.
Given that we are too small of a company to fall under any of the ObamaCare mandates, can we still pay for health insurance this way? Researching your website, it seems that – in one document – Employer Payment Plans are fine and the premiums are not considered taxable. But in another document it looks like Employer Payment Plans may not be able to incorporate the market reforms of ObamaCare, and there may be IRS fines associated with them.
Like I said, we are a very small company. So any guidelines you can give us about how we can continue to pay for our employees’ premiums would be most helpful.
Thank you so much.