ACA: Penalties

For 2015, employers with 50 or more full-time employees must offer coverage to 70% of full-time employees or face potential penalties equal to the number of full-time employees minus the first 80, multiplied by $2,000.

Example: 2,600 full-time employees (faculty, staff, students, working retirees) x $2,000 = $5.2M

In 2016, this percentage increases to 95% minus the first 30 employees.

For additional information on Employer Shared Responsibility Provisions, you may visit the Internal Revenue Service (IRS) webpage.