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Benefits Buzz – November 2018

This month’s Benefits Buzz provides an overview of the ACA hardship exemption for 2018, discusses IRS letters being sent to noncompliant employers and teases the possibility of an overtime rule update starting next year. Click here to Download.

Employer Mandate Delayed Until 2016 for Medium-Sized Employers

The Affordable Care Act (ACA) imposes a penalty on large employers that do not offer minimum essential coverage to full-time employees and their dependents. Large employers that offer this coverage may still be liable for a penalty if the coverage is unaffordable or does not provide minimum value. The ACA’s employer mandate provision is often referred to as the “employer shared responsibility” or “pay or play” rules. On Feb. 12, 2014, the U.S. Treasury Department published final regulations implementing the employer shared responsibility provisions of the ACA. The regulations took effect on Feb. 12, 2014. Under the final regulations, applicable large employers that have fewer than 100 full-time employees generally will have an additional year, until 2016, to comply with the pay or play rules. Large employers with 100 or more full-time employees must comply with the pay or play rules starting in 2015.   CLICK HERE TO READ FULL ARTICLE