The following is derived from an article by Kathleen Hoffelder and published on CFO.com September 12, 2012. http://www3.cfo.com/article/2012/9/health-benefits_health-care-patient-protection-affordable-care-act-tax-penalty-excise-tax.
Despite new guidance from federal agencies, employers face unknowns in deciding their next moves on their employee health-benefit programs. Business leaders waited anxiously this past summer for the Supreme Court’s ruling on the Affordable Care Act (ACA). But months after the law was ruled constitutional, uncertainty still reigns. Companies are still trying to figure what the costs of complying with the ACA will be. Some are studying whether it makes sense to discontinue health benefits and instead pay a penalty.