Employers with over 50 lives (Employees) working over 30 hours/week Notice 2011-36 2012-01 (Part Timers count too as FTE Full Time Equivalents) have a requirement under Health Care Reform to purchase Health Insurance coverage for their employees or pay penalties of $2k/employee.
Arthur Gallagher FAQ‘s pdf 159 pages Rev 10.15.2015
What is Common Ownership – Affiliated Companies – Controlled Groups?
What about leased employees?
They are employees of the leasing company and MUST be covered by the leasing company. law.com
ObamaCare mandate NOT a job killer – Washington Post 8.12.2015
Health Care Reform 2015 Compliance Check List (Arroyo Insurance Services)
Related Pages in
Final Regulations 2.9.2015 Forms 1094 & 1095
- §4980H – Shared responsibility for employers regarding Health Insurance
- 6056 Reporting
- Employer Group or Individual Coverage?
- Employer Mandate – Historical Info
- Employer Mandate DELAYED till 2016…
- Mandate – Employee Definition?
- W – 2 Reporting
Five ACA Facts for Applicable Large Employers
Some of the provisions of the Affordable Care Act only affect your organization if it’s an applicable large employer. An ALE is generally one with 50 or more full-time employees, including full-time equivalent employees.
The vast majority of employers will fall below the ALE threshold number of employees and, therefore, will not be subject to the employer shared responsibility provisions.
If you are an ALE, here are five things to know:
- Applicable large employers have annual reporting responsibilities. You will need to provide the IRS and employees information returns concerning whether and what health insurance you offered to your full-time employees.
- If you’re an applicable large employer that provides self-insured health coverage to your employees, you must file an annual return reporting certain information for each employee you cover.
- ALEs must either offer minimum essential coverage that is affordable and that provides minimum value to their full-time employees and their dependents, or potentially make an employer shared responsibility payment to the IRS. Learn more about the employer shared responsibility provision.
- You may be required to report the value of the health insurance coverage you provided to each employee on their Form W-2.
- If you’re an applicable large employer with exactly 50 employees, you can purchase affordable insurance through the Small Business Health Options Program (SHOP).
For more information, see the Affordable Care Act Tax Provisions for Employers page on IRS.gov/aca.