Employers Should Start Planning for Affordable Care Act
The landmark ruling by the U.S. Supreme Court upheld all of the Affordable Care Act except a portion of the Medicaid expansion. Although the headlines focused on the individual mandate and Medicaid expansion, perhaps the most far-reaching effects on employers will come from the pay-or-play provisions. Effective Jan. 1, 2014, these provisions require employers with 50 or more full-time employees to provide affordable health coverage for employees and pay 60 percent of the cost, or pay an excise tax to the IRS ($2,000 to 3,000 per employee per year).
Read Steve Gerlach’s Portland Press Herald article “Employers Should Start Planning for Affordable Care Act”