Large Employer for Affordable Care Act

By | April 24, 2014

What is considered a large employer under the affordable care act?

Some provisions of the Affordable Care Act (ObamaCare), only apply to large employers, generally those with 50 full-time employees or their equivalent. For example, in 2015, large employers will be responsible for annual reports concerning whether offered health insurance to their full-time employees and what was safe.

  • If you have 50 employees or less (100 or less in Hawaii), you can buy affordable insurance through the Medicare program for Small Business Options ( SHOP)
  • You must retain and report additional 0.9 percent of wages or compensation of employees exceeding $ 200,000.
  • You could have the requirement to report to each employee on your Form W-2 the value of health insurance coverage you provided. Effective for calendar year 2015, you must file an annual statement reporting if offered health insurance to their employees and which. This rule is optional for 2014.
  • Effective for calendar year 2015, if you provide health insurance coverage to their employees own, you must file a return annually reporting certain information for each employee you covered. This rule is optional for 2014.
  • Effective for calendar year 2015, you may have to make a payment if not offer adequate and affordable access to their full-time employees coverage and if one or more of these employees receive a tax credit for premiums.


The Employer Shared Responsibility Payment

This is a requirement under the health care law that will apply to some employers with 50 or more employees in 2015 or 2016.


Employer Shared Responsibility for Small Business

No employer with fewer than 50 full-time employees is subject to the Employer Shared Responsibility Payment in any year.

Under the Affordable Care Act, businesses covered by the Fair Labor Standards Act must report certain information about health insurance options to their employees. The federal government has delayed penalties for not meeting the reporting requirements related to the Employer Mandate for one year, but there are others to consider. Employers already have to give employees a Summary of Benefits and Coverage and add the aggregate cost of coverage to employees’ W2 forms if they file more than 250 W2 forms.


Large Employer for Affordable Care Act

Learn more about reporting requirements under the health care law.