A Salary Raise That Doesn't Jeopardize Healthcare Assistance?

Post date: 2020-07-02 03:23:02
Views: 180
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:
Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why
UBS turns bullish on Palantir, says buy the dip on this clear AI winner
Gen Z is embracing the prenup, says family law attorney: ‘The taboo of divorces is long gone’
Trump angering MAHA with glyphosate order gives Democrats an opening
Apple appears to be sitting out the AI arms race. Will the strategy work?
Pakistan bombs targets in Afghan cities, minister calls it 'open war'
How high can oil and gas prices go because of the Iran war? Here are the scenarios
South Korea defense stocks soar with heavyweight Hanwha Aerospace surging 25% as traders react to Iran war
Movie: A Useful Ghost
Saturday Night Live: Connor Storrie/Mumford & Sons