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View Diary: Amazing what people at work will say about the ACA... (197 comments)

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  •  Just to be clear (1+ / 0-)
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    radical simplicity

    There are two possible penalties:

    The $2,000/employee actually receiving a subsidy on the exchange penalty is the "tackhammer penalty." This would generally be less than the other type of penalty, but could still be quite large. You're right that this is the one that applies if the premiums are over 9.5% of income (or the coverage is not minimum value - 60% of allowed costs).

    There is also the "sledgehammer penalty" of $3,000/employee (for a full 12 month failure to offer coverage and offset by an allocable share of a 30 employee offset) for failing to offer minimum essential coverage to at least 95% of the employees. This penalty is potentially much larger than the $2,000/employee penalty.

    •  I Was Just Taking A Class On This, But.... (0+ / 0-)

      The teacher did not seem like they were the ultimate authority on the subject.

      Men are so necessarily mad, that not to be mad would amount to another form of madness. -Pascal

      by bernardpliers on Thu Nov 14, 2013 at 01:05:14 PM PST

      [ Parent ]

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