What is the penalty for employers with 50 or more employees who do not offer health coverage?

Employers with 50 or more full-time employees are subject to the Employer Shared Responsibility Payment under the Affordable Care Act (ACA). If these employers choose not to offer health coverage to their employees, they may incur a penalty of $2,000 for each full-time employee, excluding the first 30 employees when calculating the penalty.

This penalty structure is designed to encourage employers to provide affordable health insurance to their workforce, as the ACA aims to increase access to health coverage and reduce the number of uninsured individuals. The calculation of the penalty is based specifically on full-time employees to focus the responsibility on those employers which have sufficient capacity to provide health coverage.

The other options listed do not align with the provisions of the ACA regarding the penalties for failing to provide health insurance coverage, as they represent different amounts or conditions that do not accurately reflect the established penalty framework.