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Penalties and Transitional Relief Under the Affordable Care Act

On January 1, 2015, the “employer shared responsibility” penalty, a core provision of the Affordable Care Act (a.k.a. “ACA” or “Obamacare”), becomes effective.  While the penalty is substantial, there is some transitional relief from the penalty available to some employers who meet specific qualifying criteria. The employer shared responsibility provision requires large employers to offer affordable health insurance that provides minimum value for all full-time employees or pay a penalty.  If the employer does not offer health coverage to at … Continue reading

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