Lori Basilico, a Providence-based partner in Edwards Wildman
's Tax and Benefits Department, discussed how companies will need to become compliant with the Affordable Care Act’s Oct. 1, 2013, deadline for posting and distributing their public-healthcare-exchange notices in Human Resources Executive. In the article, "Don’t Forget Tomorrow’s Exchange-Notice Deadline!
," Basilico said, "The real confusion lies in what’s coming in 2015 and what that means you’d better be doing in 2014 to get ready. The biggest confusions among employers are twofold. One conundrum is whether they’re 'applicable large employers,' penalizable under the new law. The stickler here is what constitutes an FTE — which could, in turn, impact your 50-or-more count. The law sets the definition of FTE at 30 hours a week or more, but what about part-timers and other people who don’t necessarily work around hours counted? For universities, there’s confusion around adjunct professors, for instance."