Obamacare will begin costing employers a fair amount of money, $1 at a time, beginning this summer, the CliftonLarsonAllen consultancy is advising credit unions.
Beginning July 31, employers who offer various benefit plans must pay the equivalent of $1 per covered life per year to fund the Patient-Centered Outcomes Research Institute, which was established by the Patient Protection and Affordable Care Act.
The IRS has ruled that issuers and plan sponsors are responsible for the fee, and that it will be treated like an excise tax, CliftonLarsonAllen said.
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