Effective Jan. 1, 2015, the Affordable Care Act (ACA) imposes a penalty on Applicable Large Employers (ALEs) that do not offer affordable, minimum value coverage to full-time employees (and their dependents). These penalties are often referred to as the “employer shared responsibility” or “pay or play” rules.
On Feb. 10, 2014, the Treasury released final regulations implementing the ACA’s employer shared responsibility rules. The final regulations include a number of transition relief provisions for 2015 that apply to certain ALEs.