What is an "Offer of coverage" and why will understanding it save me money?
As with everything in the ACA, the devil is in the details. Of course, the details are never easy to find either. It’s almost like the feds put together a scavenger hunt for us.
Remember like the scavenger hunt you had to do on your 6th birthday in order to find your gift? Only this time, there is no gift waiting for you at the end. If you get it right, you just don’t pay thousands or even millions of dollars in penalties.
So, why is the “offer of coverage” so important? Well, for starters it is step one of the IRS’s investigation to determine if you will pay penalties.
Attorney and ACA Expert, Kaya Bromley is going to talk about that in depth during the October 30th webinar.
This week’s webinar will answer these questions for you and more:
- What is an “offer of coverage?”
- What well-meaning attempts are not offers of coverage?
- How do I prove that I offered coverage?
- To whom do I have to offer coverage and what are the consequences if I do not (think dependents).
- Interplay with other laws (ERISA)
Joining her this week is Ryan Moulder, JD, LLM, a Partner at Health Care Attorneys, PC. Mr. Moulder has written and spoken extensively on the ACA since its inception. His practice focuses on ACA strategy, Plan design and compliance.