What are Employer Mandate requirements under ACA?
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Last modified 2/9/2023 11:52:56 PM EST |
Added by TaxBandits Team
Under the ACA employer mandate, Applicable Large Employers (who have 50 or more full-time equivalent employees) must offer health insurance coverage that is affordable and provides a minimum value (if it pays at least 60% of the cost of covered services) to 95% of their full-time employees and their dependents.
If an employer doesn’t comply with the ACA’s Employer Mandate requirements, they are subject to the IRS penalty amounts under Section 4980H(a) and 4980H(b).