Medical Malpractice, Healthcare & Medical Products
The Impact of ACA Final Regulations on Adjunct Faculty, Part-Time Faculty, and Student Employees
Starting in 2015, the Patient Protection and Affordable Care Act (ACA) imposes “shared responsibility” tax penalties on “Applicable Large Employers” (ALEs) who fail to offer their full-time employees health care that meets the ACA requirements for coverage and affordability. ALEs are employers with at least fifty full-time and full-time equivalent (FTE) employees (for 2015, this number is increased to 100), and shared responsibility tax penalties are imposed on ALEs in relation to the number of their full-time employees (but not their FTEs). It is important, therefore, that ALEs correctly determine exactly which of their employees are full-time for purposes of the ACA so they can anticipate—and avoid—shared responsibility tax penalties.
Republished with permission.
