The Employer Shared Responsibility Payment applies to some businesses with more than 50 full-time employees who don’t offer insurance, or whose coverage doesn’t meet certain minimum standards.
Regulations updated the following:
- which employers must make the payment
- which years some employers must make the payment
- other conditions about the payment
The Internal Revenue Service offers detailed questions and answers about the Employer Shared Responsibility Payment.
The Treasury Department has a fact sheet summarizing recent updates on the Employer Shared Responsibility Payment.
No employer with fewer than 50 full-time employees is subject to the Employer Shared Responsibility Payment in any year.
Source: HealthCare.gov, “The Employer Shared Responsibility Payment.” http://www.healthcare.gov website. Accessed December 2, 2015. https://www.healthcare.gov/what-is-the-employer-shared-responsibility-payment/
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