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May 19, 2013

FTE – Holding Your Payroll at 49 Employees Might Not Work

Filed under: Health Insurance Deform — Jeff @ 11:16 pm

The 2010 Patient Protection and Affordable Care Act requires “large applicable employers” — defined as those with 50 or more full-time-equivalent (FTE) employees — to offer their full-time employees an affordable “minimum essential coverage” health benefits package starting in 2014, or face penalties for not doing so. Part-time employees’ hours are considered in determining whether a business is above or below the 50 FTE threshold. Use this calculator to see if you are considered a large applicable employer under PPACA or if you have fewer than 50 FTEs and therefore will not be subject to PPACA’s employer mandate.

If you are considered a “large” employer then you must offer health insurance or pay fines for each employee that goes to the health exchanges.  Plan accordingly.