Penalties for Employers Not Offering Coverage Beginning in 2014

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Penalties for Employers Not Offering Coverage Beginning in 2014

 
employer  penalty flowchart 1

The Affordable Care Act does not require businesses to provide health benefits to their workers, but larger employers face penalties starting in 2014 if they don't make affordable coverage available. This simple flowchart illustrates how those employer responsibilities work.

Source: Click here for PDF. 

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Note: This should not be taken as legal or tax advice.

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Comments

Great job on a concise flowchart. We need it! Do you have a pdf of it?
Posted @ Monday, October 15, 2012 7:03 AM by Jeanine Kinzie
Excellent info graphic, it's simple and to the point. 
 
I'm sure that many business owners were not even aware that in the event they charge their employees more than a significant amount they would still be penalized! (despite the fact that they offer coverage) 
 
This bill will force companies to eliminate positions no doubt.
Posted @ Tuesday, October 16, 2012 7:23 AM by Jack Thomas
Jeanine - The pdf link should be at the bottom of the blog.
Posted @ Tuesday, October 16, 2012 9:10 AM by Rick Lindquist
Very illustrative, easy to understand.
Posted @ Tuesday, October 16, 2012 12:30 PM by Franklin Gutierrez
Why would a large employer not just pay the penalty?
Posted @ Tuesday, October 16, 2012 12:41 PM by Pat Custenborder
Can someone point me in the direction of how an employer is going to know if their premium is 9.5% of a family's income? Are most companies just planning on basing premium on the individual employees salary? I haven't seen much on this yet
Posted @ Thursday, October 18, 2012 8:15 AM by Diana Atkin
Is it ok for us to use your PDF on our website? My office number is 513-662-7000. 
 
Thanks 
 
Jack
Posted @ Thursday, December 20, 2012 5:24 AM by Jack Thomas
Yes. See http://www.zanebenefits.com/content-usage-guidelines for the content usage guidelines
Posted @ Thursday, December 20, 2012 2:53 PM by Rick Lindquist
Thanks!
Posted @ Thursday, December 20, 2012 3:23 PM by Jack Thomas
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Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.