The Basics of the Employer Mandate & Penalty

Beginning in 2014, larger employers may face a penalty if any full-time employee (FTE) goes to the Exchange and receives a premium tax credit or cost-sharing assistance (together, a subsidy) to purchase coverage and either the employer does not offer minimum essential coverage to FTEs and their dependents, or the coverage it does offer does not provide a minimum value or is unaffordable. Click on the following link for additional information on The Basics of the Employer Mandate and Penalty.

Should you have any questions, please contact Corinne Stone at 301-791-7910 Ext 106 or at corinne@bowersinsurance.com.

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