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2016 Employer Penalty Changes

In 2016, the “sledgehammer” penalty for employers with over 50 lives NOT offering “affordable and Minimum Value Coverage”  to their employees increases from $2000 per person to $2160 per person.  This penalty is NOT deductible and is charged after the first 30 lives

If you have questions or would like to discuss alternatives to this penalty- please call Trisha Payton of Employee Benefits at 847 427 3415.