21 Jan Getting Ready for 2014: New Information on the Pay or Play Rules (Part One)
Tuesday, Feb. 12, 2013 – 2 p.m. ET / 11 a.m. PT
It’s the beginning of a new year, and the IRS has given us a late Christmas present in the form of lengthy proposed regulations on the “pay or play” penalty (and how to avoid it) under the Patient Protection and Affordable Care Act. Beginning in 2014, employers with 50 or more full-time employees (or full-time equivalent employees) will have to either offer “affordable” health coverage of at least “minimum value” to their full-time employees or pay a penalty tax. As 2014 approaches, employers must decide 1) if they are large enough for the employer-shared responsibility (“pay or play”) penalty to affect them; and 2) if they are large enough, how best to handle this new obligation.
If you are still wondering who exactly is an “employee” under the law, how you handle vacation time, whether you need to cover dependents, how to know if you’re large enough for the penalty to be an issue for you, and if there are special transition rules, the new proposed regulations provide answers.
In this 90-minute webinar, we’ll give you the answers to these questions and explain some of the additional details provided in this important new guidance. (In our March webinar, we’ll cover the rules that apply if you are a large employer.) If you have 50 employees, or think you might, you won’t want to miss this informative, intermediate-level webinar.