Ramya Tantry (Inactive) added a comment - 13/Dec/17 06:45 AM Analysis on New changes done and all new changes deployed on production on 25th Nov,2017

Ramya Tantry (Inactive) added a comment - 13/Sep/17 05:53 AM Links referred: http://www.shawhankins.com/resource/2017-federal-poverty-levels-employer-mandate-penalties-announced/ https://www.willistowerswatson.com/en/insights/2017/05/hr-focus-legal-and-compliance-2017-federal-poverty-guidelines FPL Amount for 2017 : HHS announced the 2017 federal poverty levels (FPL). The threshold for the 48 contiguous states is $12,060 for a single household and $24,600 for a household of four individuals. The thresholds are different for Alaska ($15,060 and $30,750, respectively) and Hawaii ($13,860 and $28,290, respectively) . Continental U.S. — $12,060 (as compared with $11,880 in 2016) Alaska — $15,060 (as compared with $14,840 in 2016) Hawaii — $13,860 (as compared with $13,670 in 2016) Safe harbor Percentage: Employers wishing to avoid a penalty under the employer mandate may use the FPL affordability safe harbor, which means the cost of an employee’s required contribution for employer sponsored coverage does not exceed 9.69 percent (for 2017) of the single FPL. This means that the FPL affordability safe harbor threshold in the 48 contiguous states for 2017 would be $97.38 per month Penalty: If an employer fails to offer minimum essential coverage to 95 percent or more of its full-time employees, the Penalty A amount for 2017 is $2,260 (up from $2,160 in 2016) times each full-time employee (minus the first 30 employees). If an employer fails to offer affordable coverage meeting minimum value, the Penalty B amount for 2017 is $3,390 (up from $3,240 in 2016) times each full-time employee receiving a premium tax credit.