Employers should be preparing for two things:
1) Determining large employer status
2) Keeping track of hours of service according to the regulations
Determining large employer status is critical for compliance to this law. Entities that previously would not be considered large employers may now be affected. For example, you must take into consideration the ownership status. If there are partnerships or related business entities under common ownership, all employees under the common ownership will be included in the calculation for large employer status. Previously, each business would have been considered a separate company. This change will have the biggest impact on franchises/restaurants under common ownership that previously did not offer health insurance benefits.
Keeping track of hours of service is complex bookkeeping because it must be maintained at the employee level. These records are vital for the employer to avoid penalties for not offering affordable coverage.
If an employer has not yet started this process, NOW is the time.