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Penalties Under Affordable Care Act for Employers with 100 or More Employees Start January 1, 2015

Beginning January 1, 2015, employers with 100 or more employees that fail to offer health insurance coverage to full-time employees or that offer health insurance coverage that is not “affordable” are subject to penalties under the Affordable Care Act.

Employers that fail to offer health insurance coverage are subject to a penalty of up to $2,000 per full-time employee.

Those employers that fail to offer “affordable” coverage are subject to a penalty of $3,000 for each employee that purchases insurance coverage on an insurance exchange and receives a premium subsidy.

For employers that have between 50 and 99 employees, these penalties go into effect on January 1, 2016.

If you have questions regarding these penalties, how the number of full time employees are calculated or other issues, please contact Mark Samila, Steve Theising or Ashley Hollen.

About the Author

Mark Samila

Mark S. Samila, a Partner at Kahn, Dees, Donovan & Kahn, LLP, in Evansville, Indiana, is a business attorney, Indiana Registered Civil Mediator and Licensed Certified Public Accountant (Missouri) whose practice includes tax and estate planning, financial services including bank and bond financing, creditors’ rights, workouts and bankruptcy and business law. Mark blends his accounting and financial background with his legal experience. In so doing, he provides legal analysis and also understands and considers the business and financial implications of a client’s legal options.