The U.S. Dept. of the Treasury announced it will provide an additional year before the Affordable Care Act’s mandatory employer and insurer reporting requirements begin.
“We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively. We recognize that the vast majority of businesses that will need to do this reporting already provide health insurance to their workers, and we want to make sure it is easy for others to do so. We have listened to your feedback. And we are taking action.”
“During this 2014 transition period, we strongly encourage employers to maintain or expand health coverage. Also, our actions today do not affect employees’ access to the premium tax credits available under the ACA (nor any other provision of the ACA).”
New York Times: “Crucial Rule is Delayed a Year“
Bloomberg News: “Employer Mandate Delayed Until 2015“
Society for HR Management (SHRM): “Mandate Delayed Until January 2015“
How Will The the Affordable Care Act Affect Your Business?
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