Submitted by:

Ankur Kholsa-Gandhi
Small Business Specialist
Paychex

On June 25, 2015, the United States Supreme Court rendered a decision in the King v. Burwell case, stating that premium tax credits ARE allowed for eligible individuals who sign up for health insurance coverage through federal as well as state health insurance marketplaces.

With the ruling, Employer shared Responsibilitiy (ESR) provisions within the Affordable Care Act (ACA) remain unchanged.

Business owners should continu to moitor the law and understand thier responsibilities.  If any of your clients are what the ESR provisions define as an “Applicable Large Employer,: they :

• Must track and report to the IRS on Forms 1094-C and 1095-C beginning with this tax year:
  • Full-time employee status,
  • Offers of health coverage, and
  • The affordability and adequacy of coverage offered to full-time employees.
• May be subject to penalties for failing to file these returns on time.
• May be subject to penalties for not offering their full-time employees affordable and adequate health insurance.

How Paychex Can Help

Understanding the Employer Shared Responsibility provisions of hte ACA and keeping up with the regulations can be a daunting task.  Paychex can help your clients navigate the complexities of the health insurance system and adapt to changes in the health care reform law.

For more details: https;//www.paychex.com/health-reform/esr/index.aspx

Or call:

Ankur Knosla-Gandhi
801-999-0881
akhosla@paychex.com