Your Company Is a ‘Large Employer’ Under the Affordable Care Act—Now What? Requirements for Coverage and Potential Penalties
You’ve determined you’re a large employer covered by the ACA, but that’s just the beginning, attorneys Wendy K. Voss and Jesse L. Noa of Potter Anderson & Corroon LLP say in this BNA Insights article, Part II of a three-part series.
The next step is understanding the large employer’s obligation to provide ‘‘minimum essential coverage’’ that is ‘‘affordable’’ and provides ‘‘minimum value’’ to eligible employees, as well as the potential penalties and available safe harbors, the authors write. Now is the time to create a healthy compliance strategy for 2015 and 2016, they advise.