Thursday, March 6, 2014

Legislative Alert: Pay or Play Penalty – Identifying Full-Time Employees

Link to Full Alert.

On Feb. 12, 2014, the IRS published final regulations for the employer shared responsibility rules. The regulations provide guidance on how large employers should identify full-time employees for the purposes of offering health plan coverage to avoid paying a pay-or-play penalty.

I encourage you to invest the time to read our Legislative Alert, "Pay or Play Penalty - Identifying Full-Time Employees," to better understand and communicate:
  • Who is a full-time employee?
  • Who is a variable-hour employee?
  • Who is a seasonal employee?
  • What are the IRS measurement methods that employers can utilize?
  • What are the new rehire rules?
  • What transition relief rules are available?
This alert covers many of the important clarifications and key changes that will impact employers in 2015, and is a comprehensive and competitive planning tool.