CONGRESSWOMAN ELISE STEFANIK
On Tuesday, March 11, 2014, the House will consider H.R. 3474, the Hire More Heroes Act of 2013, under a suspension of the rules. The bill was introduced on November 11, 2013 by Rep. Rodney Davis (R-IL), and referred to the Committee on Ways and Means.
H.R. 3474 amends the Internal Revenue Code of 1986 to permit an employer, when determining whether it must provide health care coverage to its employees under the Patient Protection and Affordable Care Act (PPACA), to exclude employees who have coverage under a healthcare program administered by the Department of Defense (DOD). This includes TRICARE or coverage provided by the Department of Veterans Affairs (VA).
The employer mandate, a key provision of the Affordable Care Act, requires all businesses with more than 50 full-time or full-time equivalent employees (defined as more than 30 hours per week) to provide employer-sponsored insurance. Businesses not in compliance face a $2,000 noncompliance penalty for each employee beyond the 30th they hire in addition to the salary and benefits they must provide to their employees. However, under current law, veterans who already receive health insurance through the VA or TRICARE would still be counted toward the employer mandate. H.R. 3474 exempts these veterans from being included in this count. This legislation would incentivize small businesses to hire veterans who already receive health insurance, and would provide businesses much-needed relief from Obamacare, while assisting them in hiring qualified, well-trained employees.
A CBO cost estimate is currently unavailable.
For questions or further information contact the GOP Conference at 5-5107.