The postponed implementation of the Affordable Care Act’s provision for employer-sponsored health insurance has given senior living providers an extra year to figure out their coverage plan and staffing strategy—time that can’t be wasted, industry stakeholders say.
Originally slated to take effect in January 2014, the ACA’s “employer mandate/employer penalty” was delayed until 2015. It requires all businesses with more than 50 full-time equivalent employees (FTEs) to provide health insurance for their full-time employees, or else pay a monthly “Employer Shared Responsibility Payment”—aka penalty—on their federal tax return.
Read Article
