The Employer Shared Responsibility Payment applies to some businesses with 50 or more full-time employees who don't offer insurance, or whose coverage doesn't meet certain minimum standards.
Regulations announced in 2014 have updated the following:
Which employers must make the payment
Which years some employers must begin making the payment
Other conditions about the payment
The Internal Revenue Service offers detailed questions and answers about the Employer Shared Responsibility Payment.
The Treasury Department has a fact sheet summarizing recent updates on the Employer Shared Responsibility Payment.
No employer with fewer than 50 full-time employees is subject to the Employer Shared Responsibility Payment in any year.
Have questions about the health care law and business? Contact the ACA Employer Call Line at 1-800-355-5856.
Several other parts of the law affect businesses with 50 or more employees. Visit the Small Business Administration’s website to learn more.
The Internal Revenue Service has information on this topic in its Q&A about the Employer Shared Responsibility payment (See question 4).