Measurement Periods - Defined 10 Standard Measurement Period At least 3 but no more than 12 months Categories accepted: Collectively & Non-Collectively Bargained Ees Salaried vs. Hourly Ees of different entities Ees located in different States Administrative Period Maximum is 90 days Period for Employers to evaluate the eligibility of Employees Must not prevent any gaps in coverage Stability Period At least 6 consecutive months; no shorter than Standard Measurement Period Period for ongoing Employees that have completed one Standard Measurement Period
March 2015 Renewal Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 20142015 2016 Standard Measurement Period: 3/1/2014 – 11/30/2014 Standard Measurement Period: 3/1/2014 – 11/30/2014 9 month Standard Measurement Period 3 month Administrative Period (AP) 9 month Stability Period (SP) 9 month Initial Measurement Period AP Stability Period: 3/1/2015 – 11/30/2015 Stability Period: 3/1/2015 – 11/30/2015 Initial Measurement Period 7/15/2014 – 4/14/2015 Initial Measurement Period 7/15/2014 – 4/14/2015 Standard Measurement Period: 3/1/2016 – 11/30/2016 Standard Measurement Period: 3/1/2016 – 11/30/2016 Stability Period: 7/15/2015 – 4/14/2016 Stability Period: 7/15/2015 – 4/14/2016 Standard Measurement Period: 3/1/2015 – 11/30/2015 Standard Measurement Period: 3/1/2015 – 11/30/2015 AP 11
Measurement Periods – Action Items Employer Mandate is delayed until 2015 Employers must begin measuring their employees in 2014 Determine Measurement Periods that are best for your business How will this get accomplished? Internalize process, outsource, integrate technology, etc. 12
Coverage Affordability Key Requirements Offer Coverage Must offer to 70% in 2015 and 95% in 2016 of the FT Employees Coverage for employees and dependents Offer Affordable Coverage Include the MV requirements For the lowest cost coverage, employees pay no more than 9.5% of their W-2 income Key Decisions What does your maximum penalty look like? Will you cover spouses? What is the expectation that your FT employees will receive a subsidy? 14 w2 safe harbor provision for affordable coverage
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