Final Affordable Care Act employer regs

The Treasury Department has announced that Treasury and the IRS have approved final regulations implementing employer responsibility provisions under the Affordable Care Act (ACA) that take effect in 2015. The rules address a number of questions about how plans can comply with the employer shared responsibility provisions; ensure that volunteers such as firefighters and emergency responders do not count as full-time employees; and phase in provisions for businesses with 50 to 99 full-time employees and those that offer coverage to most but not yet all of their full-time workers. A Fact Sheet was also issued.