Originally Posted by alnorth
The penalty only applies to you if you have both 50 FTE's (full-time equivalents, ie 2 half-timers = 1 full-timer) AND more than 30 full-time employees.
40 full-timers? no penalty. 25 full-timers and 50 half-timers? no penalty.
If you are subject to the penalty for not offering insurance, then it is $2,000 for each full-time employee over 30. So if you have 30 full-timers and 40 half-timers you have no penalty, and from there the 31st full-timer costs you $2,000.
Thank you. Just trying to get the correct info so we know what to expect. Sounds like it won't affect our business.