I went to a tax update yesterday and according to the speakers and their texts, there is more to it than just checking the box. You need to know if the insurance met the ACA standards, how many people were covered, how many months of the year, etc. They even suggest keeping some verification of the insurance in your records for future problems, such as with the IRS or if the client gets any letters from them down the road. All in all it was another depressing day. I have to call a few more clients about the ramifications of the DOL 11/6 notification, it's not just S corps. The penalties would bankrupt most small businesses. If they don't change these technical rules, no one should provide health insurance for their employees. My policy is grandfathered in for one more year. I went to the exchange and to get a policy close to what I have, it will be about $400 more per month. I thought that it was supposed to be more affordable. I am too old to want to drop to a policy with fewer benefits.