On Feb. 10, 2014, final regulations implementing the employer shared responsibility provisions of the Affordable Care Act (ACA) were released. The ACA imposes a penalty on large employers with 50 or more full-time employees that do not offer coverage to full-time employees and their dependents, or to employers that offer coverage that is unaffordable or does not provide minimum value.
The final rules will delay implementation of these penalties for medium-sized employers that are covered by the employer mandate.
The employer shared responsibility provisions will generally apply to employers that have 100 or more full-time employees starting in 2015 and employers that have 50 to 99 full-time employees starting in 2016. The employer must provide an appropriate certification to qualify for this delay. Read full article download pdf
