Your Business: Employers should start planning for Affordable Care Act by Steve Gerlach

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Originally published in the Portland Press Herald on July 3, 2012.

The landmark ruling by the U.S. Supreme Court upheld all of the Affordable Care Act except a portion of the Medicaid expansion. Although the headlines focused on the individual mandate and Medicaid expansion, perhaps the most far reaching effects on employers will come from the pay-or-play provisions.

Effective Jan. 1, 2014, these provisions require employers with 50 or more full-time employees to provide affordable health coverage for employees and pay 60 percent of the cost, or pay an excise tax to the IRS ($2,000 to 3,000 per employee per year).

Under these rules, "full time" means 30 or more hours per week. Other employees are pro-rated and seasonal employees are generally excluded.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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