Shared Responsibility Spurs Comments on ‘Full-Time Employee’ Plans

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

A proposed method in IRS Notice 2011–36 for determining who is a full-time employee under the shared responsibility provisions of the federal health care reform law would benefit employers and cut down administrative costs, according to comment letters from several benefits groups to IRS and the Treasury Department. In 2014, “play or pay” provisions of PPACA take effect, and under these provisions, employers with more than 50 full-time workers must provide a “reasonable level” of health coverage or face a monetary penalty, administered through the tax code.