In a ruling released today, the U.S. Supreme Court decided that Congress intended that subsidies would be available to individuals who purchased insurance coverage through both state-run and federally-run exchanges.
For employers, the ruling means that the Affordable Care Act’s employer responsibility requirements remain fully in force. To avoid penalties, employers with 50 or more full-time employees (or equivalents) must continue to offer coverage to their full-time employees, and new reporting requirements will still go into effect in January of 2016. The following webinar and eAlert provide details on reporting requirements:
If you have any questions about the Affordable Care Act, please contact any member our Employee Benefits/Executive Compensation Practice Group.