Beginning in 2014, certain large employers who do not offer affordable health insurance that provides a minimum level of coverage to their full-time employees may be required to pay a substantial penalty. HR360's Pay or Play Toolkit provides the step-by-step guidance, worksheets, and calculators to help you understand whether your company will be subject to a penalty and how to calculate it.
Our toolkit breaks down each key area of "pay or play" for employers, including:
- How to determine if a company is subject to the penalty;
- How to determine large employer status (calculating the number of full-time employees);
- How to determine the full-time status of employees; and
- How to calculate the amount of a penalty payment.
"Pay or play" is one of the most complicated areas of Health Care Reform that can have a significant impact on companies with 50 or more full-time employees. Download HR360's free toolkit today to help your company understand its responsibilities when it comes to compliance.
HR360 Helps You Stay on Top of Health Care Reform Requirements
Some of the biggest changes are yet to come under Health Care Reform–is your company on track with compliance? HR360's award-winning online HR library helps companies stay up-to-date on compliance with the summaries, timelines, checklists, and forms available in our Health Care Reform section. Email us today at firstname.lastname@example.org for trial access.