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Affordable Healthcare Act
Federated Insurance has developed a 30 minute webinar that will help you understand this complex change. To view it, go to: http://tinyurl.com/muvatqs
Using a company called ACME as an example this webinar explains how the AHA determines:
- If an employer has the 50 or more employees that will make it subject to the "Pay or Play (POP) penalty.
- Full time employees are defined as working 30 or more hours a week. ACME has 40
- Part time employees must be converted into "Full Time Equivalent" employees (FTEs) by totaling the hours worked/month and dividing by 120. ACME has 75 part time employees who worked 7,440 hours/month. The 7,440 hours is divided by 120 to determine that the total FTE's employed by ACME equals 62.
- When you add the 40 full time employees to the 62 FTE's, ACME is well over the 50 employees that makes their company subject to the POP penalty.
- How many of ACME's employees will be subject to the POP penalty. The good news is that AHA has several exceptions:
- a. Part time employees are excluded from the POP penalty calculation.
- b. The first 30 full time employees are excluded from the POP penalty calculation
- c. As a result, ACME is only liable for the penalty on 10 employees. However, there are a number of decisions that still need to be made depending on how your company is structured.
List of Minnesota CCLD class offerings (full listing of Lead Removal Certification and other classes)
Univ of MN School Of Public Health - Lead Certification Classes
Department of Energy NTER on line resource center - Learn more about NTER at www.nterlearning.org.
If you want to add your link to this site please contact the EA office.
Please contact the specific companies directly for more specific information regarding their products or offerings.