The IRS and the Department of Labor are working together regarding the Affordable Care Act. If you have employees who have individual health insurance premiums and you are doing a pre-tax employer reimbursement for that, please consult your CPA immediately. This document explains the stiff penalties associated with the reimbursement of individual premiums.
In addition to talking to your CPA, and getting yourself in the proper position with your current situation, you may also want to contact me to explore the options and premiums associated with group insurance. Our quotes and consultations are free and keeping you compliant is a priority.