Play or pay: Employer Responsibility under the Affordable Care Act

Business Tax Penalty Guide - Question:

OK. So you have more than 50 full time employees and you offer health insurance to your employees. Great job! However, the insurance needs to cover a minimum amount of healthcare expenses to the employee to be able to avoid the penalty:

Does the insurance you are offering pay for at least 60% of covered healthcare expenses? (Equivalent to a currently offered health insurance plan that is at a bronze metallic actuarial value)

Yes

No