who have 50 or more full-time equivalent employees must offer those employees and their families and dependents up to age 26, benefits that pay for 60% of the minimum essential benefits, as established by the ACA, or face a potential penalty.
The mandate: Beginning in 2015, if you have 50 or more full-time equivalent employees who are not offered health coverage, and at least one employee receives a premium tax credit/cost sharing subsidy in the exchange, your tax penalty is $2,000 annually multiplied by the number of full-time employees (excluding the first 30 employees). The penalty is increased each year by the growth in insurance premiums.
Individuals must now obtain qualifying coverage either through an individual policy or through their employer or face a potential penalty.
The mandate: In 2016 the penalty for non-compliance will be $695 for each adult family member, and $347.50 for each child, or 2.5% of household income, whichever is greater.