IRS Provides Penalty Relief for Employer Payment Plans Offered by Small Employers | Practical Law
In Notice 2015-17, the Internal Revenue Service (IRS) made available limited penalty relief for small employers that offer employer payment plans (that is, plans that reimburse employees for some or all of the premium expenses for an individual health insurance policy). The guidance also extends to S corporations, Medicare premium reimbursement arrangements and TRICARE-related health reimbursement arrangements.