Health care reform: Employer mandate delayed

 

 

 

 

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: www.blankethealthinsurance.com 

  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. www.blankethealthinsurance.com   The delay notice changes the employer mandate part of the law only. The individual   mandate and other parts of the law are unchanged. We are evaluating the   impact and waiting for more information. The IRS has said it will release   more details about the delay soon. We will share more information as soon as   possible.

 

Health care reform:   Employer mandate delayed

 

 

 

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