9/25/24

Pay or Play Explained

Employer Responsibility Requirements under the Affordable Care Act (ACA), specifically focusing on the pay or play aspect. I explain how organizations with over 50 full-time employees need to ensure compliance through offering Minimum Value Plans (MVP) or Minimum Essential Coverage (MEC). Failure to do so can result in penalties. Additionally, I touch on the concept of affordability and the importance of meeting reporting requirements to avoid repercussions.

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Summary Plan Descriptions