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Start by taking the total number of part-time employees and add their total hours of service for a particular month together. Next, divide the total by 120. The result is your full-time equivalent count for the month. Add these to your full-time employee count to determine ALE status for the month.
Who must comply with the ACA? The ACA applies to applicable large employers (ALEs), which are businesses that had 50 or more full-time and full-time equivalent (FTE) employees on average during the previous year.
The Affordable Care Act (ACA) requires employers to offer health insurance to employees working at least 30 hours per week (or 130 hours per month) to avoid paying penalties.
The health care law requires the following organizations and some other parties to report that they provide health coverage to their employees: Certain employers, generally those with 50 or more full-time and full-time equivalent employees. Health insurance companies. Self-insuring employers of any size.
An applicable large employer is any company or organization that has an average of at least 50 full-time employees or "full-time equivalents" or "FTE." For the purposes of the Affordable Care Act, a full-time employee is someone who works at least 30 hours a week.
The Affordable Care Act's ?shared responsibility? provisions (also referred to as the "employer mandate" or "play or pay") generally require that ?applicable large employers? or ALEs (those with 50 or more full-time employees working at least 30 hours per week or their equivalents when adding together part-time hours) ...
Are required to provide affordable group health insurance coverage to employees and their dependents or face financial penalties. The ACA defines a full-time employee as an individual who works an average of at least 30 hours per week.
An employer is not subject to an assessable payment under section 4980H(a) with respect to an employee for each calendar month during the period of three full calendar months beginning with the first full calendar month in which the employee is otherwise eligible for an offer of coverage under a group health plan of ...