Tagged: Employer Mandate

The employer shared responsibility provisions, contained in section 4980H of the Internal Revenue Code (Code), provide that an applicable large employer (for this purpose, an employer with 50 or more full-time equivalent employees) could be subject to an assessable payment if any full-time employee is certified to receive an applicable premium tax credit or cost-sharing reduction payment. Generally, this may occur where either: 1) The employer does not offer to its full-time employees employed on average at least 30 hours per week (and their dependents) the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored plan; or 2)The employer offers its full-time employees employed on average at least 30 hours per week. (and their dependents) the opportunity to enroll in minimum essential coverage under an eligible employer-sponsored plan that either is unaffordable relative to an employee’s household income or does not provide minimum value. Source: IRS Notice 2012-17