By Baptist Press
DALLAS — Churches and ministries that reimburse their employees for individual health coverage may soon find themselves facing stiff penalties of up to $36,500 per employee, per year, under the federal health care law commonly known as Obamacare, as a grace period expires June 30.
The penalties on employers who maintain employer payment plans were to begin in January, but the IRS granted a six-month reprieve.
Organizations that offer GuideStone health plans are not at risk of these penalties. GuideStone’s health plans — both its personal and group plans — are church health plans and are considered group health plans under federal law and thus are not affected by these penalties. [Read more…]