08 Feb 2022
Treat Me Right! State Health Mandates Can Set Penalties Greater than Zero
Beginning in 2019, Congress zeroed out the Affordable Care Act (ACA) assessment that individuals must pay if they don’t maintain health coverage which qualifies as minimum essential coverage, commonly referred to as the “individual mandate.” However, Massachusetts has its long-standing individual mandate, and four states (California, New Jersey, Rhode Island and Vermont) plus the District of Columbia impose their own individual mandates, with penalties to ensure compliance.
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Review how the ACA information reporting rules are still complex, despite the zero individual mandate, and thus many employers contract with outside vendors for assistance. Although employers now have been through many annual reporting cycles, the process is far from routine and many questions continue to surface each year. - State Law Health Insurance Individual Mandate and Employer Reporting Obligations Chart
Identify state-based laws requiring individuals to maintain health insurance coverage and the associated reporting and notification requirements for employers.
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