In less than two months, businesses with 100 or more workers will be required to provide some sort of healthcare coverage for their employees.
This includes staffing companies who are employers of record. And it has potential consequences for those who use back office providers who serve as the W2 employer of record.
The rules of the Affordable Care Act can be complicated. For instance, the health plan must provide “minimum value” and it must be “affordable.” Even the rules for determining how many employees you have is not nearly as simple as counting up the number of paychecks you issue. The formula includes your FTEs, which are calculated by adding regular hours, holiday hours, paid time off, and overtime and dividing by 120.