Are you an applicable large employer under the Affordable Care Act? If you have 50 or more full-time equivalent employees in 2016, your answer is yes. And in that case the ACA employer mandate penalty applies to you. This is what you need to know going into 2016.
Penalties under The Employer Shared Responsibility Provision will apply to applicable large employers in the following year. What penalties, you ask? We’d like to share this great flowchart by our friends at The Henry J Kaiser Family Foundation. This illustrates what your responsibilities are as the employer and what penalties you could face for not sticking to those responsibilities.