What is the penalty for a health insurance carrier or employer that is obligated to issue Form MA 1099-HC but does not to comply?
The 1099 HC is a tax document like any other tax document required to be submitted to the Massachusetts Department of Revenue by law or regulation. Failure to do so could subject the employer or carrier to a host of penalties, as provided under M.G.L. Ch. 62C § 8B. Below is the language contained in DOR’s regulation. (9) Penalty for Failure to Provide Documentation of Health Insurance (a) Pursuant to M.G.L. c. 62C, § 8B, carriers, employers or other sponsors of employment-sponsored health plans that fail to provide written statements to covered individuals or to report to the Commissioner in violation of this section shall be punishable by a penalty of $50 per individual to which the failure relates, not to exceed $50,000 per year per violator. (b) The Commissioner shall assess the penalties under M.G.L. c. 62C, § 8B as a tax subject to chapter 62C.
Related Questions
- What is the proper way for the employer to issue health insurance cards and other medical related documents when the employer does not have the other parent’s address?
- I am an employer with a self-insured health care plan and need to provide Form MA 1099-HC to my employees. Where can I obtain draft copies of the Form MA 1099-HC?
- What is the penalty for a health insurance carrier or employer that is obligated to issue Form MA 1099-HC but does not to comply?
