Small Business Specialist
On June 25, 2015, the United States Supreme Court rendered a decision in the King v. Burwell case, stating that premium tax credits ARE allowed for eligible individuals who sign up for health insurance coverage through federal as well as state health insurance marketplaces.
With the ruling, Employer shared Responsibilitiy (ESR) provisions within the Affordable Care Act (ACA) remain unchanged.
Business owners should continu to moitor the law and understand thier responsibilities. If any of your clients are what the ESR provisions define as an “Applicable Large Employer,: they :
- Must track and report to the IRS on Forms 1094-C and 1095-C beginning with this tax year:
- Full-time employee status,
- Offers of health coverage, and
- The affordability and adequacy