Beginning in 2015, to comply with the Patient Protection and Affordable Care Act (ACA), “large” employers must offer their full-time employees health coverage, or pay one of two employer shared responsibility / play-or-pay penalties. The Internal Revenue Service (IRS) determines the penalty each calendar year after employees have filed their federal tax returns. In November … Continued
Latest update from the IRS regarding reporting that plans, employers and insurers will need to provide in support of the individual shared-responsibility and employer shared-responsibility requirements of PPACA.
The Official notice from the IRS regarding employer shared responsibility has been released, however it does not explain its implications on other parts of the ACA. For now, you can see what the delay does affect, what’s still required and what’s next.
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