Affordable Care Act - Health Insurance Reform

Employers with 50 or more full time equivalent employees are required to provide employer sponsored health insurance to avoid excise tax penalties for non-compliance beginning 2015. Employers below this threshold are exempt from the penalties. Employers below this threshold that are considering establishing an employer sponsored health insurance plan are required to comply with certain benefit requirements. Plans established prior to the effective date are grandfathered in and are not required to comply with benefit requirements. Clarification of the regulations under the Affordable Care Act are being published regularly as updates are available.