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Financial Technology, Inc. Employee Benefit Services
ACA Tools
"Pay or Play" (Employer Shared Responsibility)
Beginning in 2014, large employers (at least 50 employees) who do not offer affordable health insurance that provides a minimum level of coverage to their full time employees will be subject to a "pay or play" penalty. The penalty is triggered if at least 1 full time employee receives a premium tax credit or cost sharing reduction for purchasing individual coverage through one of the Health Insurance Exchanges.
Is your company subject to a "pay or play" penalty? Our agency offers a series of worksheets and calculators to help you. Click the video below to learn more about our tool.
Useful Tools
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