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• The Affordable Care Act requires certain employers with at least 50 full-time employees (or equivalents) to offer health insurance coverage to its full-time employees (and their dependents) that meets certain minimum standards set by the Affordable Care Act or to make a tax payment called the ESRP.

  U.S. Centers for Medicare & Medicaid Services - Cite This Source - This Definition
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  Cite Definition for Employer Shared Responsibility Payment (ESRP)

  American Psychological Association (APA)

  Employer Shared Responsibility Payment (ESRP). (n.d.). HealthCare.gov Glossary. Retrieved June 9, 2023, from website: http://www.expertglossary.com/definition/employer-shared-responsibility-payment-esrp.

  Chicago Manual of Style (CMS)

  Employer Shared Responsibility Payment (ESRP). HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. http://www.expertglossary.com/definition/employer-shared-responsibility-payment-esrp (accessed: June 9, 2023).

  Modern Language Association (MLA)

  "Employer Shared Responsibility Payment (ESRP)." HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. 9 June. 2023 http://www.expertglossary.com/definition/employer-shared-responsibility-payment-esrp.

• Browse Related Terms: Affordable coverage (as it relates to APTC), Employee Retirement Income Security Act of 1974 (ERISA), Employer Shared Responsibility Payment (ESRP), Full-Time Employee, Full-Time Equivalent, Minimum value, Multi-Employer Plan, Open Enrollment, Plan, Tax credit, Vision or Vision Coverage