Minimum Essential Coverage

If an employer offers coverage, it must be affordable and it must meet the minimum value standard. That means the employer must pay for a substantial portion of the coverage offered or face a penalty for each employee that receives a subsidy for his/her coverage in the health insurance exchange.  The penalty is the lesser of $3,000 multiplied by each employee receiving a subsidy or $2,000 multiplied by all employees (minus the first 30 employees).