Let’s boil down ACA compliance: Part 2 — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Let’s boil down ACA compliance: Part 2

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My last blog post looked at how to determine whether you’re an applicable large employer, and, therefore, subject to the Affordable Care Act’s (ACA) employer play-or-pay provisions. Under ACA’s play-or-pay provisions, you must offer full-time employees group health benefits, in other words, play, or pay a free-rider penalty if even one employee buys insurance on the individual exchange and qualifies for a premium tax credit.

In this blog post, we’ll determine who those full-time employees are. In my next post, we’ll cover requirements for group plans. Remember, this is strictly an overview of these provisions. To get the full story on ACA compliance, you should consult your tax, legal or benefits professional. You can also surf to the IRS’ website: www.irs.gov/Affordable-Care-Act; click on Employers.

Who are your current full-time employees?

Only full-time employees must be offered group health benefits. Full-time employees ...(register to read more)

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