What's coming in 2015
Employers with more than 50 employees must offer them affordable health insurance
- A plan is considered unaffordable if the employee's share is more than 9.5 percent of their household income or if the plan pays for less than 60 percent of covered health care expenses.
- Large employers cannot buy coverage through Washington state's Exchange, Washington Healthplanfinder (www.wahealthplanfinder.org).
If the large business doesn't offer health insurance
If any of its employees get a tax credit or subsidy to buy a plan in the Exchange, the employer must pay an annual penalty of $2,000 times the number of full-time employees minus 30.
If the large business offers health insurance, but it's unaffordable or not meaningful
If any employee gets a tax credit or subsidy to buy a plan in the Exchange, the employer must pay an annual $3,000 penalty for each full-time employee receiving a tax credit, up to a maximum of $2,000 multiplied by the number full-time employees minus 30.