PeopleKeep

MAY 6, 2024

The Affordable Care Act’s (ACA) employer mandate requires applicable large employers (ALEs)—organizations with 50 or more full-time equivalent employees (FTEs)— to offer affordable health insurance that meets minimum essential coverage (MEC) and minimum value standards to at least 95% of their full-time employees.

Health Insurance 52

Health Insurance Healthcare Government Insurance 52

PeopleKeep

OCTOBER 25, 2022

One requirement ALEs must follow is the affordability requirement that ensures your employer-sponsored coverage is affordable to your full-time employees. In this article, we’ll review what the affordability calculation is for 2023 and what your options are if you’re found with an unaffordable plan.

Health Insurance 98

Health Insurance Insurance Employment IT 98

PeopleKeep

NOVEMBER 19, 2020

In September, PeopleKeep launched a new online tool to help employers easily compare the cost of an individual coverage HRA (ICHRA) to the cost of their current group health insurance plan (or quote).

Health Insurance 52

Health Insurance Insurance Employment 52

PeopleKeep

SEPTEMBER 29, 2020

This rule created a new HRA called the Individual Coverage HRA (ICHRA) and clarified proposed rules about calculating the affordability of an ICHRA allowance. In June of 2019, the federal government released a final ruling regarding the offering of HRAs in 2020.

Government 69

Government Taxes 69

PeopleKeep

DECEMBER 13, 2021

The Affordable Care Act’s (ACAs) employer mandate defines applicable large employers (ALEs) as companies with 50 or more full-time equivalent (FTE) employees. ALEs must offer minimum essential coverage (MEC) to at least 95% of their FTEs and ensure coverage is affordable. But just how is ACA affordability calculated?

Government 52

Government Employment 52

PeopleKeep

SEPTEMBER 26, 2019

This rule created a new HRA called the Individual Coverage HRA (ICHRA) and clarified proposed rules about calculating the affordability of an ICHRA allowance. In June of 2019, the federal government released a final ruling regarding the offering of HRAs in 2020.

Government 57

Government 57

PeopleKeep

OCTOBER 4, 2019

The Affordable Care Act’s employer shared responsibility provision designates employers with an average of 50 or more full-time equivalent employees during the prior calendar year as applicable large employers, or ALEs. They're also required to provide coverage that’s affordable and provides minimum value to all full-time employees.

Government 53

Government Employment 53