Employers with 50 or more full-time equivalent employees must offer affordable health coverage that meets minimum value standards.
A full-time employee generally works 30 hours per week or 130 hours per month.
Coverage is affordable if the employee’s premium contribution for the lowest-cost self-only plan does not exceed a certain percentage of income (set annually by the IRS).
Minimum value means the plan pays at least 60% of the total allowed healthcare costs.
Applicable Large Employers must file:
These forms report health coverage offered to employees.
