Final regulations - Employer shared responsibility for employee health coverage under section 4980H 

February 10:  The Treasury Department and IRS this afternoon released for publication in the Federal Register final regulations (T.D. 9655) as guidance for employers subject to the shared responsibility provisions regarding employee health coverage under section 4980H.

These 227-page final regulations [PDF 462 KB] affect “applicable large employers”—i.e., that, for each year, employers that have 50 or more full-time employees, including full-time equivalent employees, during the prior year.


Generally, under section 4980H an applicable large employer that fails, for a calendar month, to offer to its full-time employees health coverage that is affordable and that provides minimum value may be subject to an assessable payment if a full-time employee enrolls for that month in a qualified health plan for which the employee receives a premium tax credit.


The final regulations are scheduled to be published in the Federal Register on Wednesday, February 12, 2014.




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