Question

In: Accounting

an applicable large employer is required under the employer shared responsibility Provisions to offer portable minimum...

an applicable large employer is required under the employer shared responsibility Provisions to offer portable minimum essential health insurance coverage

Solutions

Expert Solution

Under the Affordable Care Act’s employer shared responsibility provisions, applicable large employers or ALEs) must either offer minimum essential coverage that is “affordable” and that provides “minimum value” to their full-time employees (and their dependents), or potentially make an employer shared responsibility payment to the IRS.

The employer shared responsibility provisions are sometimes referred to as “the employer mandate” or “the pay or play provisions.

To come under this provisions the Employer should have atleast 50 full time employees.

The employers has to file forms 1095-C, 1094-C w.r.t Full time employees.

Due Dte for filing:

  • Feb. 28 for paper filers
  • March 31 for electronic filers

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