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Old 11-18-2012, 11:38 AM   #38
Mr. Plow Mr. Plow is offline
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Join Date: Dec 2005
Location: Mmmmmm....Forbidden Donut
Casino cash: $7474
Quote:
Originally Posted by alnorth View Post
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.
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