Pursuant to the Affordable Care Act (ACA), beginning in 2014, larger employers those with 50 or more full-time equivalent employees will be required to track their employees hours of work to determine their status as part-time or full-time. Full-time status as defined by the ACA is 30 hours of work per week. The ACA requires that larger employers provide health care coverage to their full-time employees, or pay substantial assessments to the IRS.
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New hire measurement period - the 12-month period beginning on the first day of the first month following an OPS employee's start date in which the average hours worked weekly will be measured to determine eligibility for coverage.
Open Enrollment (OE) measurement period - the 12-month period from October 1 through the following September 30 in which the average hours worked weekly will be measured to determine eligibility for coverage for the subsequent stability period (plan year).
Stability period - the 12-month period following a measurement period during which eligible employees who enroll in coverage must be covered.
- Following the new hire measurement period, the stability period is dependent upon the hire date.
- Following the OE measurement period, the stability period is January 1 through December 31.