Prepare now for ACA play-or-pay compliance
Abstract: The Affordable Care Act’s (ACA’s) shared-responsibility provision, commonly referred to as “play or pay” — requiring that “large” employers offer their employees affordable health insurance or pay a penalty — has been delayed until 2015. But that means that now is the time for nonprofits to determine what it will mean for their bottom line. This article explains who qualifies as a large employer and how “affordable” is defined. A sidebar discusses how smaller nonprofits can qualify for the Small Business Health Care Tax Credit.