To Avoid Penalties, Employers Should:<\/strong><\/p>\n

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• Offer Affordable Coverage:<\/strong> Ensure that the most affordable health insurance plan offered meets the ACA’s affordability standards.<\/li>\n
• Track Employee Hours:<\/strong> Accurately track employee hours to determine who qualifies as a full-time employee.<\/li>\n
• Communicate with Employees:<\/strong> Inform employees of their health insurance options and the consequences of not enrolling.<\/li>\n
• Seek Professional Advice:<\/strong> Consult with us or HR professional to ensure compliance with the ACA’s requirements.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

  The Affordable Care Act (ACA) requires large employers to offer affordable health insurance coverage to their full-time employees or face a penalty known as the “Pay or Play” tax. This tax is based on the employer’s average monthly wage (AMW) and the number of full-time employees.\u00a0 The\u00a0affordability rate\u00a0for employer-sponsored health coverage will increase\u00a0from 8.39% to […]<\/p>\n","protected":false},"author":1,"featured_media":1586,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[233,7],"tags":[42,236],"class_list":["post-1584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordable-care-act","category-compliance","tag-aca","tag-pay-or-play-tax"],"acf":[],"yoast_head":"\n