The Affordable Care Act requires applicable large employers (with 50 or more full-time employees) to offer minimum essential coverage to full-time employees and dependents or face penalties.
The IRS released a final rule which changes the eligibility rules for determining whether employer-sponsored coverage is affordable for family members.
Employer mandate penalties are tied specifically to the self-only tier for the employer's least expensive health plan offering based on that year's indexed percentage. Employers are not required to offer affordable family-tier coverage. Click on the button below for more details.
Note: NIS is sharing this blog from our parent company, AssuredPartners, Inc.
National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.
