A local law firm is holding seminars on what employers can expect and what will help them understand and prepare for the employer responsibility requirements under the Federal Health Care Reform that becomes effective January 1, 2014.
In 2014, employers with more than fifty employees can be required to pay a penalty if they do not offer health coverage to some or all full time employees and dependents. A company that offers health coverage to full time employees and their dependents but the coverage is either not adequate or is unaffordable may also be fined.
The Internal Revenue Service has now issued guidance on the employer responsibility requirements as well as on the State Exchanges. Most employers will need to act now in order to be in a position to comply with these new rules in 2014.
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