Before January 1, 2014, employers covered by the employer responsibility provision of the health care reform law—also known as the Affordable Care Act (ACA)—will need to decide if they will provide health care insurance to their employees or pay the penalties for not doing so. This decision is commonly referred to as 'play or pay.'
Under the ACA, "applicable large employers" must decide whether they will "play" by providing affordable, adequate health care coverage to their employees or "pay" penalties instead. This infographic helps you determine whether you are an applicable large employer and whether you will be subject to either of the penalties.
The infographic also links to a video featuring BLR Legal Editor Jessica Webb-Ayer, who provides further detail about the employer responsibility provision including definitions of what is considered both affordable and adequate health care coverage.
The video can also be accessed directly here.
BLR's ACA Play or Pay Decision Guide: By HR.BLR.com
More infographics: Check out other infographics on HR.BLR.com: