Benefits Buzz - April 2018
/How to Handle an ACA Penalty Letter: The IRS has begun issuing letters to employers who are not offering health coverage to full-time employees. Under the Affordable Care Act’s (ACA) employer shared responsibility rule, applicable large employers must provide affordable health coverage to full-time employees or face stiff penalties.
There are two key provisions to the ACA’s employer shared responsibility rule that can
trigger thousands of dollars in penalties:
1. Full-time employees must be provided health coverage.
2. That coverage must be adequate and affordable, as specified by the law.
