What is an employer shared responsibility payment?

An employer shared responsibility payment is a fee that employers in Washington may be required to pay if they do not provide health insurance coverage to their employees. This system was created to help ensure that all employees have access to health insurance. The fee applies to employers with 50 or more full-time employees or equivalent. The fee is based on a calculation of how many employees are not offered health insurance coverage by their employer and the number of full-time equivalents. If an employer does not offer health insurance coverage, then they will be required to pay the fee for each employee that does not have access to coverage. For example, if an employer has 50 full-time employees and 10 of them do not have access to health insurance, then the employer will have to pay the fee for all 10 employees. The fees are imposed by the government to ensure that employers provide health insurance coverage to their employees, as it is a necessary part of maintaining a healthy workforce. This helps to provide a safety net to employees and ensures that they have access to the healthcare they need.

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What is an employer shared responsibility payment?

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