Democrat-backed bill could change key Obamacare rule
A movement to return to the 40-hour workweek standard for full-time employment under the Affordable Care Act is growing – thanks to some support from an unlikely source.
The House Ways and Means Committee approved H.R. 2575, a bill that would change the definition of full-time employees to 40 hours per week for healthcare reform calculation purposes.
The health reform law requires employers with 50 or more FTEs to offer affordable coverage that meets the minimum value levels to any full-time employees who work an average of 30 hours per week – or pay a penalty (when the penalty phase actually kicks in).
And unlike many health-reform-related bills, this one has the backing of several House Democrats, including Rep. Dan Lipinski (D-IL), Rep. Jim Matheson (D-UT), Rep. Collin Peterson (D-MN) and Rep. Kurt Schrader (D-OR).
We’ll keep you posted.
Free Training & Resources
Webinars
Provided by Yooz
Further Reading
Employers will see clearer control over pharmacy benefit costs and their impact on the income statement, with Finance and HR sharing more e...
There’s no need to panic if you or one of your staffers discover they’ve made mistakes with your company’s 401(k) plan.&nb...
What company wouldn’t opt for an employee benefit that helps new families out and pays for itself in various ways? A recent report on...
The Department of Labor (DOL) is once again taking a neutral stance on offering a certain investment option to retirement plan participants...
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigatio...
If your company’s employees are like most, they’d score a big fat F on a financial literacy test. Every year, the Teachers ...