As uncertainty over the implementation of the Affordable Care Act makes headlines in Washington, D.C., in-house and outside counsel at the Association of Corporate Counsel's Annual Meeting in Los Angeles Monday warned business leaders that the road to ACA compliance is fraught with potholes and unavoidable tolls. Despite the recent focus on issues concerning the ACA provision known as the "individual mandate," the "employer mandate" has its own challenges for companies, lawyers from Ogletree, Deakins, Nash, Smoak & Stewart and Canam Steel Corp. said. Under the employer mandate, businesses have until January 2015 to give reasonably priced health insurance to employees or risk fines. The provision applies to companies with at least 50 full-time employees—including full-time equivalent workers—who work more than 30 hours per week. Speaking at the ACC event, Ogletree Deakins shareholder Penny Wofford said businesses can't escape costs related to the ACA. Companies have to decide whether they will give health insurance to all their full-time employees or accept penalties for noncompliance. Affiliate publication Corporate Counsel has more.
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