Sleepless With the ACA - Final Employer Shared Responsibility Guidance
On February 10, the IRS published the highly anticipated final Employer Shared Responsibility provisions. This guidance is extensive, touching on all aspects of the Employer Mandate, and incorporating public feedback on all manner of subjects.
Employers with between 50 and 99 full-time employees will not be required to comply with Shared Responsibility in 2015, while employers with 100 or more full-time employees will be required to offer affordable coverage to 70% of their full-time employees in 2015, and 95% in 2016. Also, the IRS has generally extended all of the fiscal year transitional relief, meaning employers with non-calendar year plans will be subject to Shared Responsibility as they renew if they meet certain criteria.
We broke down nearly 227 pages of new regulation into nine, and included a section specific to staffing & PEO organizations. Read our compliance update and view the recording of our Assurance University Replay webinar.
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