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/
© Copyright 2016. All rights reserved. This content is strictly for informational purposes and although experts have prepared it, the reader should not substitute this information for professional insurance advice. If you have any questions, please consult your insurance professional before acting on any information presented. Read more.