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Has anyone ever heard of the Pana "bridge" program by Panamerica?
If so, what are your thoughts?
Thanks in advance.
If so, what are your thoughts?
Thanks in advance.
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No,
The concept that I am seeing right for the loophole is,
The group self funds the minimum essential benefits and the puts a full insured limited medical benefit plan in place.
I have not seen numbers on this approach but it will be interesting to see if it cost more than $2,000 per employee.
$2,000 per employee is the starting point. Remember that the amount paid in fines is NOT a tax-deductible business expense.
And there are other factors out there to consider as well.
Add to that the fact that you receive no product for your $2,000 non-deductible expense. If you buy health insurance, at least you get a tax deduction and you purchase a benefit plan.