New Employer Mandate for Health Insurance

Generally, under health care reform an employer can be taxed up to $2,000 per full time employee (with the first 30 exempt) if it carries insufficient or no health insurance for its employees. This tax does not start until 2014 and it only applies to “applicable large employers”, which are those employers who have, on average, at least 50 full time equivalent employees during 2013.  Begin planning for this now as steps taken during 2013 may help to greatly lessen or even void the effects of this new insurance requirement beginning 12 months from now.