Below is a flow chart for all sized employers. Â The flow chart is an easy configuration to determine whether or not your employer will pay a penalty if they don’t offer affordable coverage.
Remember, your employer doesn’t have to offer coverage, the employer can still decide that it’s in their best interests to pay the fine than to offer coverage.
Starting with the 2012 Tax Year, businesses that file more than 250 W-2’s will be required to disclose the cost of the employee’s medical insurance. Â All size businesses will start doing this with the 2013 tax year.
Please consult your Accountant about what other benefits may also be required to be reported.
This guide was published by United Health Care. Â It’s only suppose to be used as a guide.