30 or 40 hour work week? ACA definition of full-time employment under revision.
The House recently passed legislation to revise the Affordable Care Act’s (ACA) definition of full-time employment. Currently, full-time employees must work 30 hours per week to meet the employer offer of health coverage. Under the recently passed legislation, a full-time employee must work 40 hours per week to qualify for employer offered health coverage under the ACA definition.
Qualifying workers would include only those working at least 40 hours a week instead of the current 30-hour requirement.
“According to the Congressional Budget Office and the Joint Committee on Taxation, the change would result in 1 million fewer people receiving employer-sponsored health coverage, sending between 500,000 and 1 million additional people to Medicaid, CHIP or the ACA insurance marketplaces.” Source: Washington Post
FosterThomas HR Outsourcing and Consulting will keep you up to date on this pending legislation and what it means for your business.
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