Impacts of Sec.4980H on Large Employers

We’ve often reiterated that a business is considered a Large Employer when it crosses the threshold of 50 full-time and full-time-equivalent (FTE) employees. A large employer is liable to the Sec.4980H assessable payment if it fails to provide the minimum essential health coverage to employees. It is imperative that these employers track their full time and FTE employees’ hours in order to assure they are in compliance, as well as to see if they qualify for an exemption. An article in the Journal of Accountancy provides a detailed discussion.  You can also visit our website to learn more.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s