The Affordable Care Act—Countdown to Compliance: Limited Non-assessment Periods Under the Final Code § 4980H Regulations

By | Employment Matters Blog | March 24, 2014
The Affordable Care Act—Countdown to Compliance: Limited Non-assessment Periods Under the Final Code § 4980H Regulations

Final regulations under Code § 4980H published in the Federal Register on February 12 include a new term—“limited non-assessment period”—which describes periods for which an applicable large employer (i.e., an employer with an average of 50 or more full-time and full-time equivalent employees on business days during the preceding calendar year) will not be subject to liability under Code § 4980H under circumstances where liability would otherwise attach.