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Employers with more than 50 full-time employees must offer health insurance to their employees, as mandated by the Affordable Care Act (ACA). Failure to do so will result in the assessment of an excise tax penalty. This dichotomy is commonly known as the “play or pay” rule under the ACA. The penalty is assessed for […]
While the Affordable Care Act (ACA) contains many provisions, perhaps one of the most discussed is the “play or pay” provision. The ACA’s play-or-pay provision mandates that employers with 50 or more full-time-equivalent employees must offer group health benefits to full-time employees working, on average, 30 or more hours per week, or potentially pay a […]
Employers making the decision to play or pay under the Affordable Care Act (ACA) have a lot of questions right now because the mandate to provide insurance to full-time employees goes into effect January 2014. In a recent CER webinar, Ashley Gillihan explained some of the factors that employers should consider when making this decision. […]
“Pay or play” refers to the idea that employers must either provide healthcare insurance coverage that is above a certain standard (yet affordable for all employees), or they must pay a penalty for failing to provide such coverage. This will start on January 1, 2014. This is just one of the many issues employers are […]