Filed Under:Markets, Employee Benefits

IRS ties up PPACA loose ends

The Internal Revenue Service (IRS) has published a number that will cap the new penalty on the uninsured at $2,448 per person for 2014, or up to $12,240 per family.

The IRS set the maximum "individual shared responsibility payment" maximum by reporting that the average monthly premium for individual bronze-level coverage is $204 per month. The maximum monthly national average bronze plan premium -- for a "shared responsibility family with five or more members" -- is $1,020, the IRS says in Revenue Procedure 2014-46.

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Nichole Morford

Nichole Morford
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