Client Alert: Health Care Reform Questions and Answers on “Play or Pay” Penalties
Monday, February 11, 2013
Under the Affordable Care Act, an employer with 50 or more full-time or full-time equivalent employees must offer “minimum essential coverage” to its full-time employees or risk significant IRS penalties. The Wyrick Robbins Employee Benefits & Executive Compensation Group has issued a Client Alert with Questions and Answers on the Shared Responsibility (“Play or Pay”) rules.
(Update: The Treasury Department announced in July 2013 that these penalties will be delayed one year, until 2015; see our Client Alert, here.)