Employers: Hire More Heroes Act of 2015

On January 6, 2015, the Hire More Heroes Act (H.R. 22) passed in the House of Representatives and, as a result, was received by the Senate for a future vote.

Passage of this Act would amend IRS Code to allow an employer, when determining whether it is an “Applicable Large Employer” under the Affordable Care Act, to exclude from its calculation any employee who is covered under TRICARE or certain programs administered by the Veterans Administration (VA).

The employer mandate requires that, beginning in 2016, all employers with 50 or more full-time equivalent employees must provide employer-sponsored insurance (the employer mandate became effective for employers with 100 or more full-time equivalent employees on January 1, 2015).  Businesses not in compliance face penalties.  However, under current law, veterans who already receive health insurance through the VA or TRICARE would still be counted toward the employer mandate.

For more information about H.R. 22, please visit http://1.usa.gov/1Ay6lo2.

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