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.

    Health Care Reform News & Updates

    For more information on Health Care Reform, we invite you to visit our Health Care Reform News/Updates webpage.

    As an employer, learn how you can level the playing field via the Health Insurance Exchange.  FosterThomas Employee Benefits Advisors will help you navigate the changing health care reform landscape.

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