Some users of the small employer health insurance tax credit could get extra time to start buying coverage through the exchanges.
The Internal Revenue Service is trying to give the employer tax credit users a little flexibility in a new draft regulation.
The draft regulation could affect employers with 25 or fewer “full-time equivalent,” modestly paid employees.
The Patient Protection and Affordable Care Act created a health insurance subsidy for those employers by adding the tax credit provision, Section 45R, to the Internal Revenue Code.
Once the PPACA Small Business Health Options Program exchanges open, small employers must use a SHOP plan to qualify for the tax credit.