Pay or Play? What Employers Need to Know About the Affordable Care Act

Update -The employer mandate was delayed until January 1, 2015.

Julie A. Simer, Esq., Stuart A. Simon, Esq., and Philip J. Wolman, Esq.

What does the Affordable Care Act (aka “Obamacare”) require of employers in 2014?

Beginning January 1, 2014, every “large employer” will be subject to Affordable Care Act penalties if at least 95 percent of its full-time employees are not offered affordable health care coverage.  A large employer is an employer that employed an average of at least 50 full-time employees during the preceding calendar year, including full-time equivalent employees.  The testing period for 2014 is the 2013 calendar year, making 2013 a critical year for determining the need to provide coverage.    Read more