Compliance Minute: FTE Calculation Tools Available
Marshall & Sterling E-Alerts - Keeping You in the Know
As you may know, beginning in 2016, all employers with 1-100 employees (full-time + FTEs) must be issued small group coverage. To assist you in determining your FT/FTE totals we have several tools available.
Please click this link to watch the first episode of our new "Compliance Minute" video series. This short video will provide a concise and helpful overview in determining your FTE total.
Click here to download the slides for the video, and here to download an excel spreadsheet with a built in FTE calculator. This spreadsheet mirrors the one from the Compliance Minute video; simply replace the listed numbers with your actual counts to determine your annual 2015 FTE average.
*Note: While NYS small group expansion considers all employers with 1-100 FTEs to be a part of the "small group market," under Federal Healthcare Reform (ACA) all employers with 50+ FTEs are considered Applicable Large Employers who are subject to "Play or Pay."
Marshall & Sterling aims to keep our clients informed with valuable and timely information on issues that impact your benefit plans. To view our full collection of previous Compliance Alerts, please click here.
As always, please feel free to reach out with any questions or concerns.
Dannielle O'Toole, Esq.
Health Care Reform & Compliance Specialist
Marshall & Sterling Insurance
110 Main Street
Poughkeepsie, NY 12601
845-226-3083, ext. 2452