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gorgescrambler 
Group: Members
Posts: 665
Joined: Jul. 2006
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Posted on: Nov. 16 2012, 10:17 am |
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A business has 10 full time employees with benefits. They have 100 part time employees who average 26 hours per week. The total yearly hours of the 100 is 135,200, which divided by 2080(based on 40 hours) is the same as 65 full timers. This gives a total of 45 full timers, (minus 30 with the exemption given by the Health bill). The question is, does the business have to pay penalties on 45 employes which would amount to approx $90,000 on top of the insurance that is already being paid to the 10 full timers that already get benefits ?
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Hungry Jack
Group: Members
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Posted on: Nov. 16 2012, 11:27 am |
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Doesn't the law only apply fines based on the number of full-timers who aren't receiving health insurance? This is why some companies are shifting workers to part-time schedules.
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gorgescrambler
Group: Members
Posts: 665
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Posted on: Nov. 16 2012, 12:21 pm |
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From what we understand the tally on part timers is used to find a full time equivalency total and this is used to determine the 50 employee target- penalty point. That said, on the example I gave, the penalties are still approx half the cost of providing health insurance for the companies bottom line. This would be the reason companies would shift to part timers.
This exchange still does not answer the question asked about the 45 employees.
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High_Sierra_Fan
Group: Members
Posts: 39516
Joined: Aug. 2005
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Posted on: Nov. 16 2012, 12:26 pm |
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Healthcare answers:
http://www.healthcare.gov
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High_Sierra_Fan
Group: Members
Posts: 39516
Joined: Aug. 2005
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Posted on: Nov. 16 2012, 2:27 pm |
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I guess we'll see in 2014?
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WalksWithBlackflies
Resident Eco-Freak Bootlicker
Group: Members
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Posted on: Nov. 16 2012, 2:54 pm |
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In that case, the worst possible situation is probably closest to reality.
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When I let go of what I am, I become what I might be. - Lao Tzu
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Hungry Jack
Group: Members
Posts: 1292
Joined: Nov. 2002
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Posted on: Nov. 16 2012, 3:24 pm |
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It's not the same situation, but the scenario described reminds me of the French law passed under Lionel Jospin (since rescinded) that limited the work week in France to 35 hours (down from the official 39 hour week) before additional compensation kicked in.
The reasoning behind the law was that it would increase hiring to compensate for the 4 hours of work capacity that was legally withheld from the labor force.
The law was adjusted in 2008 to eliminate mandatory compensation when work hours exceeded 35 during the week.
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gorgescrambler
Group: Members
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Joined: Jul. 2006
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Posted on: Nov. 16 2012, 3:42 pm |
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(High_Sierra_Fan @ Nov. 16 2012, 3:20 pm)
QUOTE
(gorgescrambler @ Nov. 16 2012, 11:42 am)
QUOTE
(High_Sierra_Fan @ Nov. 16 2012, 2:27 pm)
QUOTE I guess we'll see in 2014?  Yes we will. But decisions have to be made now because of the 1 year look back. Until the regulations are actually finalized internet porn is probably a more productive outlet for all that tension.
You can do the internet porn to release your tension absolutely; but to the topic, business owners and managers have to stay focused and plan for the future.
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High_Sierra_Fan
Group: Members
Posts: 39516
Joined: Aug. 2005
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Posted on: Nov. 20 2012, 1:28 pm |
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The NRA has the answer: no, they only count towards the FTE calculation.:
"Get The Facts
Q:
Do I have to offer coverage for my part-time employees?
A:
No. Part-time employees (those working fewer than 30 hours per week on average) are counted only in determining whether an employer meets the 50 full-time-equivalent threshold for coverage under the law. The employer responsibility section of the law doesn’t require employers to offer health care coverage to part-time employees or pay health care penalties for them."
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| Post Number: 14
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gorgescrambler
Group: Members
Posts: 665
Joined: Jul. 2006
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Posted on: Nov. 20 2012, 7:35 pm |
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(High_Sierra_Fan @ Nov. 20 2012, 1:28 pm)
QUOTE The NRA has the answer: no, they only count towards the FTE calculation.: "Get The Facts Q: Do I have to offer coverage for my part-time employees? A: No. Part-time employees (those working fewer than 30 hours per week on average) are counted only in determining whether an employer meets the 50 full-time-equivalent threshold for coverage under the law. The employer responsibility section of the law doesn’t require employers to offer health care coverage to part-time employees or pay health care penalties for them."
Thanks for the link HSF, that is huge. Lots of small companies will struggle to add health care for full timers, but most will adjust hopefully. A penalty on the equivalent number(45 in my example) would be a death blow to many businesses like my friends above.
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Survival Skills 101 • Eat Better
