Recently, the IRS began stepping up its enforcement of the ESR provisions, expanding its focus to include sending notifications to non-filers and inaccurate/incomplete filers. (Photo: ALM)
There's no dancing around the fact that health care remains one of the most complex, yet critical, issues for employers to manage.
Due to an ever-changing regulatory landscape in all levels of government, many of today's business owners may not know which Affordable Care Act (ACA) rules still apply to them. As a result, some are facing significant consequences for non-compliance.
Currently, under the ACA's employer shared-responsibility (ESR) provisions, certain employers (called “applicable large employers” or ALEs) must either offer minimum essential coverage that is both “affordable” and provides “minimum value” to their full-time employees (and their dependents adequate coverage), or potentially pay a large employer shared responsibility (ESR) penalty to the IRS if at least one full-time employee receives a premium tax credit after purchasing health insurance in a government marketplace.
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