A large employer, including large tribal employers, may be subject to a shared responsibility payment if the employer:
AND at least one full-time employee receives a premium tax credit or cost sharing reduction in the Marketplace.
*If dependent coverage transition relief does not apply.
Type 1: If a large employer does not offer coverage or offers coverage to less than 70% (in 2016, 95%) of its full-time employees and one employee receives a tax credit or cost sharing reduction in the Marketplace, the employer will be subject to a shared responsibility payment of 1/12 of $2,000 per full-time employee, not including the first 80 employees (in 2016, 30 employees). This is approximately $166.67 per employee over the first 80 employees in 2015 and over the first 30 employees in 2016.
For example:
Type 2: If a large employer offers coverage to at least 70% (in 2016, 95%) of its full-time employees but coverage is not affordable or does not provide minimum value, then employer will be subject to a shared responsibility of 1/12 of $3,000 per full-time employee who receives a tax credit or cost sharing reduction in the Marketplace. This is approximately$250.00 per employee who receives a tax credit or cost sharing reduction in the Marketplace, per month.
For example,
Click here [insert link to employer survey] to fill out an easy employer survey to determine your responsibility and find out if you are a large or small employer.