Groups with 50+ Employees (requirements)

Employers with 50 or more full-time and/or full-time equivalent employees may be subject to penalties if they do not offer affordable coverage that provides minimum value. Coverage is considered affordable for 2019 if the employee's required contribution for the lowest cost self-only health plan offered is 9.86% or less of their taxable income (may be adjusted annually). The Affordable Care Act requires large employers with 50 or more full time and/or full time equivalent employees to report information to the IRS and to their employees about their compliance with the healthcare coverage offered with Form 1095-C.

Penalties apply per employee / per day.