Patient Protection and Affordable Care Act – Health care coverage doesn’t have to be taxing

Description

Abstract: The Patient Protection and Affordable Care Act of 2010 contains some potentially costly tax provisions affecting businesses. This article focuses on the shared responsibility, or “play or pay,” provision of the health care act; it describes what constitutes “affordable” and “minimum value” insurance and the penalties that midsize or large companies must pay if they don’t provide it. A sidebar discusses guidance regarding the shared responsibility provisions.