ACA Terms

• (a) Penalty
• Administrative Period
• Affordability
• Affordable Care Act
• Applicable Large Employer
• Automatic Enrollment
• (b) Penalty
• Employer Mandate
• Exchange
• Full Time Employer
• Full Time Equivalent
• Form 1094-C
• Form 1095-C
• Grandfathered Plan
• Group Health Plan
• Health Reimbursement Arrangements
• Integration
• Individual Mandate
• Market Reforms
• Marketplace
• Measurement Period
• Minimum Essential Coverage
• Minimum Value
• Patient Protection and Affordable Care Act
• Prohibitions on Annual and Lifetime Limits
• Shared Responsibility
• Stability Period
• Waiting Period

TERM: a-penalty

The a-penalty applies to an Applicable Large Employer that fails to provide Minimum Essential Coverage to substantially all of its Full Time Employees. For 2015 the substantially all standard requires an Applicable Large Employer to offer minimum essential coverage to 70% of its full time employees. In 2016 and future years this is increased to 95%.