Coverage and/or Penalty
How will the health care reform law’s employer mandate, often called the “free-rider” penalty, affect my business?
In 2015, certain employers will either have to:
- offer all full-time employees (and their dependents) prescribed coverage; or
- potentially pay a penalty if any full-time employees “free-rides” on the system by receiving a premium tax credit and using it to purchase coverage in the exchange.
The chart below will help you determine if your business has to offer coverage and/or pay a penalty. Download the chart as PDF.