News & Updates
September 14, 2015
Information & Resources Available for ACA's Pay or Play, Information Reporting Provisions
Two provisions of the Affordable Care Act that apply only to companies that are considered "applicable large employers" (ALEs) under the law are now in effect: the employer shared responsibility ("pay or play") provisions and the large employer information reporting provisions.
As a reminder, under the ACA, an applicable large employer is generally one with 50 or more full-time employees, including full-time equivalent employees (FTEs), on average during the prior year. Transition relief from the pay or play provisions is available for 2015 for ALEs with 50-99 full-time employees (including FTEs) that meet certain eligibility criteria.
The new IRS ACA Information Center includes information regarding:
The IRS strongly advises employers that are applicable large employers (and/or those that are close to the ALE threshold) to begin taking steps now to prepare for the coming tax filing season.
Our ACA by Year & Company Size section includes a summary of other requirements under Health Care Reform.