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Category Archives: Taxation of Rewards

Health Reward Stat of the Day – Aug 3

When eligible individuals signed up for coverage at the Health Insurance Marketplaces (Marketplace), they chose to either have advance payments of the premium tax credit (APTC) made directly to their insurance provider to reduce their premiums throughout the year, get their assistance at tax time as a premium tax credit (PTC), or some combination of the two.
We project that […]

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Health Reward Stat of the Day – July 31

Approximately 7.5 million American taxpayers paid an average penalty of $200 for not having health insurance in 2014, totaling $1.5 billion in individual shared responsibility payments.
Under the individual shared responsibility provision, individuals are required to have qualifying health insurance coverage for each month of the year, have an exemption from the requirement to have minimal essential […]

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IRS urged to pump up wellness incentives under PPACA

It seems shortsighted that only tobacco related programs can be counted towards the “affordability” standard to which corporations will be held by the Patient Protection and Affordable Care Act. The cost of smoking cessation programs is the only wellness plan incentive employers can count toward the 9.5 percent affordability ceiling when (and if) the act takes full effect […]

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