Health Insurance: Play or Pay?
The Affordable Care Act (ACA) does
not require employers to provide healthcare insurance for their employees.
However, it requires employers to share healthcare responsibility
by either providing coverage or paying penalties. Under ACA’s employer
mandate (also known as the “play-or-pay” provision), Applicable Large
Employers (ALEs) must
decide if they want to “play” by providing affordable, adequate coverage
to substantially all of their full-time employees—or pay fines assessed
under IRC Section 4980H.
As of 2016, ALEs with 50
or more employees must contend with penalties under the play-or-pay
Summary for [Your State]