Employer Mandate

The ACA Employer Mandate

Penalty for non-compliance

The Affordable Care Act requires that everyone have qualified coverage, either through their employer, through an individual policy or they many pay a tax penalty.  

Beginning in 2015, if you have 50 or more full-time equivalent employees, and do not offer health coverage to them, and at least one employee receives a premium tax credit/cost sharing subsidy in the exchange, your tax penalty is $2,000 annually multiplied by the number of full-time employees (excluding the first 30 employees).   The penalty is increased each year by the growth in insurance premiums.

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Stay compliant with the ACA

Emergent Benefits, LLC can help employers navigate and understand this complex new law.  Minimize your risk, reduce costs and stay compliant – contact us now using the form below.