A Salary Raise That Doesn't Jeopardize Healthcare Assistance?

Post date: 2020-07-02 03:23:02
Views: 238
Hypothetically, how might an employer give an employee a raise without endangering their health insurance assistance?

This goes out to the US-based MeFi CPAs, tax attorneys, etc.

Let's say a small employer wants to give a salaried employee a well-deserved raise. The employee has health insurance for both themself and their spouse through the Marketplace, and their current combined income qualifies them for a reduced premium. The employee, of course, would love to get a raise, but they are very concerned that any increase in pay might eliminate, or greatly reduce, that assistance with their healthcare premium.

So, hypothetically, how might the employer effectively give the employee a raise in a legal way that wouldn't show up as income? Reloadable debit card? Bag of cash tossed on the front porch in the dead of night? As I understand the laws surrounding the ACA, employers cannot directly pay an employee's healthcare marketplace premiums.

Thanks!
Number of Comments
Please click Here to read the full story.
 
Other Top and Latest Questions:
Nvidia options are doing something unusual ahead of two catalysts. Here's how one trader is playing it
Circle lands $100 million from Binance to ramp up global USDC expansion
Trump snaps at CNN at United Nations: 'You should not be here covering me'
Sullivan: Wall Street admits it doesn't know where oil is headed. There's one stock they do agree on
We're protecting big profits in tech, and buying more non-tech in this oversold market
Iran reportedly says it can reopen Strait of Hormuz within 7 days if U.S. eases military pressure
September surge or October offload? Jobs experts weigh in on this fall’s hiring trends
Kalshi asks CFTC to allow margin trading on its platform, letting users buy with borrowed funds
Trapped in minimum payments? These products can help you get out of credit card debt
Book: Murderland: Crime and Bloodlust in the Time of Serial Killers