Health Care Reform - Employer Insurance Requirement 2021
Shared Responsibility for Employers An applicable large employer that does not offer coverage to at least 95% of its full-time employees and their dependents, offers minimum essential coverage that is unaffordable, or offers minimum essential coverage that does not provide minimum value, may be subject to a shared responsibility payment. A plan provides minimum value if it covers at least 60% of the total allowed cost of benefits that are expected to be incurred under the plan.
The payment only applies if at least one full-time employee receives a Premium Tax Credit for purchasing coverage through the Marketplace. If the employer offers minimum essential coverage that is affordable and the employee rejects the coverage, the employer is not subject to the shared responsibility payment.