Search only accepts letters and numbers.
Home
|
Advertising
|
Membership
|
Newsletters
|
Contact Us
|
About
|
BPC News
|
Submit Releases
|
Log Out
PREVIOUS ISSUES
NEWS BY INDUSTRY
Coronavirus
All Latest News
Banking & Finance
BPC News Releases
Business Community Events
Business Record E-newsletters
Business Record Insider
Culture
Economic Development
Energy & Environment
Health & Wellness
HR & Education
Insurance & Investments
Iowa News
Iowa Stops Hunger
Law & Government
Lift IOWA
Manufacturing & Logistics
On The Move
On the Record
Opinion
Real Estate & Development
Retail & Business
Sales & Marketing
Tech & Innovation
The Insider Notebook
Transportation
SPECIALTY PRODUCTS
Annual Real Estate Magazine
Best of Des Moines
Book of Lists
BPC Book Publishing
Business Insights
Custom Publishing
Development Guides
Fearless e-newsletter
Greater
innovationIOWA
Iowa Stops Hunger
Made in Iowa
Newcomer's Guide
Pillars of Philanthropy
Special Advertising Sections
EVENTS
Buy Tickets
90 ideas in 90 minutes
Book of Lists Unveiling Party
Commercial Real Estate Forum
Economic Forecast
Envision Iowa
Fearless Fridays
Forty Under 40
innovationIOWA unveiling
Jobs Outlook
Legislative Forecast
Manufacturing Forecast
Power Breakfast
Project515
Women of Influence
Upcoming Business Record Events
AWARDS
HR Pro of the Year
Forty Under 40
Forty Under 40 Alumnus
CRE Pro of the Year
InnovationIOWA Awards
Women of Influence
CFO of the Year
CALENDAR
EXECUTIVE TOOLS
Public Notices
Reprints of Business Record
Request Rate Card
RSS Feeds
Video
Penalties for not offering health care coverage
Should businesses just pay the penalty?
BY JOE GARDYASZ
, Senior Staff Writer
Friday, August 31, 2012 7:00 AM
Related Health-Care Reform Stories
August 31, 2012
•
What businesses need to know now to prepare for health reform
•
Key effective mandate dates
•
Heath reform online resources
•
Penalties for not offering health care coverage
•
Reader responses: Biggest concern regarding compliance with the new law
•
Lind Statewide health-care survey
>>>
Health-Care Reform all
Since the Affordable Care Act became law, Reynolds & Reynolds has had the play-or-pay conversation with many of its large clients, Gooding said.
“Some of the employers have looked at it as, ‘Well, I’d be a fool not to just pay the penalty,’ based on what their costs are today,” he said. “Some employers can look at it as an economic opportunity for their organization, and still be complying with the current-day legislative rules in regard to health-care delivery.”
In other words, as John Hovey, president of Focus OneSource, a West Des Moines human resources, accounting and payroll outsourcing firm, noted, “there’s really nothing in the law that says employers have to provide health-care coverage.”
“But if they do drop their health-care plan,” Hovey said, “they’ll not only be paying the Internal Revenue Service the penalties that may be applicable; they still have to figure out how they’ll keep or recruit employees to their company.”
The Business Record took a look at the penalties that businesses could face for not offering coverage.
X
Most Viewed
Most Commented
NOTABLE TRANSACTIONS: Latin King property sold to New Jersey real estate investment trust
Redevelopment plans announced for section of Ingersoll Avenue
WHAT'S BEING BUILT: 3 convenience store chains have projects underway in metro area
2022 Women of Influence
Local developer interested in acquiring historic federal courthouse, possibly converting it to housing or hotel
Home
|
Advertising
|
Membership
|
Newsletters
|
Contact Us
|
About
|
BPC News
|
Submit Releases
|
Log Out
Facebook
Twitter
RSS
The Depot at 4th, 100 4th Street, Des Moines, Iowa 50309
|
(515) 288-3336
|
© 2022 Business Record. All Rights Reserved. |
Legal disclaimer
|
Privacy Policy
Software © 2022
1up! Software,
All Rights Reserved
{1}
##LOC[OK]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
##LOC[Cancel]##