When Anything Less than 95% is a Failing Grade: An Update on the Employer Shared Responsibility Penalties
As a reminder, effective January 1, 2016, employers must offer minimum essential coverage to 95% or more (up from 70% or more for 2015) of their full-time employees and their dependents each month or pay a very steep penalty. Missing the mark even slightly, for example coming in at 94%, will require the employer to […]
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2 min read
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Tagged: 95%, ACA, Cadillac tax, health care reform, HRA contributions, penalties, penalty, shared responsibility
NC
Nancy K. Campbell
Of Counsel