"Pay or Play"-An Employer's biggest decision

The most critical decision employers face under Health Care Reform is this:
Will the Employer offer health care coverage to employees, or pay a penalty instead?
This decision must be made in time for employees to begin receiving coverage in 2014.

Many factors go into this decision.  Not all employers are required to "pay or play" and not all employees are required to have coverage.  To determine whether they need to pay a penalty, and how much that penalty will be, employers need to determine:

• Whether they are large enough for the law to apply to them
• Whether the coverage they offer (or plan to offer) provides essential health benefits and is affordable

Companies must have 50 or more full-time equivalent employees and 31 or more actual full-time employees to be subject to the pay or play penalty.

Actual full-time employees are individual people who work at least 30 hours per week or 130 hours per month.  But a company may have more full-time equivalent (FTS) employees, based on the number of hours part-time and seasonal workers, work in a month. 

Sounds confusing?  I can help work this out.  Call or email and I will set up an appointment to meet with you or your HR. 

Jeff@JeffreyMetzger.com