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Employer Mandate Delayed !!! What do you think about this?

edited July 2013 in Obamacare Facts for Employers Posts: 47

On July 2, 2014, the Obama Administration delayed part of the Affordable Care Act
(ACA, or health care reform law) that affects employers. The parts of the law
listed below will now go into effect in 2015 instead of 2014:

  1. Employers
    will not have to report certain information to the IRS. This has been referred
    to as "employer reporting requirements." We are waiting for the IRS
    to give details on what requirements this includes.

  2. The rule
    that says large employers have to offer coverage to full-time workers or pay a
    penalty. "Large employer" in this case is a business that has 50 or
    more full-time or full-time equivalent employees (that work an average of 30
    hours a week).

  3. The rule
    that says coverage offered by large employers cannot be more than 9.5% of a
    worker's pay for self-only coverage.

The delay notice changes the employer mandate part of the law only. The individual
mandate and other parts of the law are unchanged.  The IRS has said it will release more details
about the delay soon.

Comments

  • Posts: 11
    This may end up being a fiasco for the administration, but many employers with 50+ employees are rejoicing!
    Thanked by 1Bob_Moderator
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