Employer Shared Responsibility
The employer shared responsibility provisions (also known as “pay or play”) require applicable large employers(“ALEs”) to offer affordable health insurance that provides a minimum level of coverage to full-time employees (and their dependents) or pay a penalty tax.
Make sure you are ready with HR360’s step-by-step guidance on calculating pay or play penalties. Our attorney-reviewed guide makes it easy to understand how to calculate penalties.
Our Pay or Play Penalty Guide includes:
- How to determine if a pay or play penalty applies
- How to calculate the amount of a penalty
- Special rules for employers under common ownership
- Examples of how the penalty is calculated
Our toolkit breaks down each key area of “pay or play,” including:
• How to determine if a company is subject to the penalty;
• How to determine large employer status (calculating the number of full-time employees);
• How to determine the full-time status of employees;
• How to determine if a penalty applies; and
• How to calculate the amount of a penalty payment.
For more information or details the entire article can be found on HR360. A login is provided at the bottom of the page.