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CITY OF HOUSTON OFFICE OF BUSINESS OPPORTUNITY POP CONTRACT UPDATE FORM Pay or Play Program Contractor/Subcontractor Quarterly Update The City of Houston contracting departments shall submit quarterly
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What is pay or play program?
The pay or play program is a provision of the Affordable Care Act (ACA) that requires certain large employers to provide affordable health insurance coverage to their employees or pay a penalty.
Who is required to file pay or play program?
Employers with 50 or more full-time equivalent employees are required to file pay or play program.
How to fill out pay or play program?
To fill out the pay or play program, employers need to determine their status as applicable large employers, calculate their full-time equivalent employees, offer affordable coverage to eligible employees, and report the required information to the IRS.
What is the purpose of pay or play program?
The purpose of the pay or play program is to ensure that large employers provide affordable health insurance coverage to their employees, reducing the number of uninsured individuals.
What information must be reported on pay or play program?
Employers must report information such as the number of full-time employees, the coverage offered, the affordability of the coverage, and details of eligible employees.
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