Please provide your zip code to see plans in your area.
Please provide your zip code to see plans in your area.
As of 2023, the penalty for not offering coverage to at least 95% of full-time employees is $2,880 per full-time employee, after subtracting the first 30 full-time employees. And the penalty for an employer that offers coverage that isn’t affordable and/or doesn’t provide minimum value is $4,320 per full-time employee who obtains a premium tax credit in the marketplace. In both cases, the penalty is only triggered if at least one full-time employee obtains a premium tax credit in the marketplace.
Businesses with 50 or more full-time equivalent (FTE) employees are required to offer comprehensive, affordable health insurance coverage or they risk a penalty.