ACA ACA Employer Mandate & Workplace Benefits

Question 1

Under the ACA employer mandate, how many full-time equivalent employees must an employer have to be considered an Applicable Large Employer (ALE)?

Accepted Answer

50 or more

Answer

25 or more

Answer

100 or more

Answer

75 or more

Question 2

What IRS form must ALEs file annually to report information about health coverage offered to full-time employees?

Accepted Answer

Form 1094-C

Answer

Form 1094-B

Answer

Form 1095-A

Answer

Form W-2

Question 3

Under the ACA, what is the minimum value standard that employer-sponsored health plans must meet?

Accepted Answer

The plan must cover at least 60% of the total allowed costs

Answer

The plan must cover at least 50% of the total allowed costs

Answer

The plan must cover at least 70% of the total allowed costs

Answer

The plan must cover at least 80% of the total allowed costs

Question 4

What is the ACA affordability threshold for employer-sponsored coverage based on in 2024?

Accepted Answer

Coverage must cost no more than 8.39% of the employee's household income

Answer

Coverage must cost no more than 9.02% of the employee's household income

Answer

Coverage must cost no more than 10% of the employee's household income

Answer

Coverage must cost no more than 7.5% of the employee's household income

Question 5

Which penalty under ACA Section 4980H(a) applies when an ALE fails to offer minimum essential coverage to at least 95% of its full-time employees?

Accepted Answer

The 'A' penalty triggered if at least one full-time employee receives a premium tax credit

Answer

The 'B' penalty triggered per uninsured employee

Answer

A flat $2,000 fine per company

Answer

No penalty applies unless all employees are uninsured

Question 6

For ACA purposes, a full-time employee is defined as one who works an average of how many hours per month?

Accepted Answer

130 hours per month

Answer

100 hours per month

Answer

120 hours per month

Answer

160 hours per month