Snyder and Associates

 

Tax Byte

Implementation of Employer Health Care Mandates Delayed Until 2015

The Obama Administration has postponed a major section of the Affordable Care Act (ACA) for one year, until 2015.  In the original provisions of the ACA, insurers, self-insuring employers, and other parties providing health care coverage were to adhere to extensive informational reporting requirements beginning on January 1, 2014.  On July 3rd, the Treasury Department announced that the implementation of the reporting requirements will be delayed until 2015.

More significantly, as a result of delaying the implementation of the reporting requirements, the Treasury Department also announced that the mandate for employer-provided coverage will be delayed as well.  The employer mandate rules, known as the “employer shared responsibility”, impose penalties on employers with more than 50 employees if the employers do not provide minimum coverage.

The additional year is intended to give employers time to more fully understand the employer mandate rules, to make decisions about providing health care coverage, and to adapt their reporting systems.  Additionally, the administration intends to consider ways to simplify the new reporting requirements.

As always, if you have any questions or would like to discuss further, please give us a call.

 

Back to Tax Byte archive