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ACA's Employer-Coverage Mandate Delayed Until 2015
Employers with 51 or more workers will now have until 2015 to face mandates for insurance coverage. The delay comes after federal decision to work out several logistical issues surrounding the mandate.
The Obama administration is delaying for one year the employer mandate requiring companies to offer their employees health insurance.
Assistant Treasury Secretary for Tax Policy Mark Mazur posted a blog late Tuesday confirming that the 2014 mandate on employers with more than 51 full-time workers to offer qualifying health insurance coverage to their employees or face a penalty was being delayed until 2015.
The delay was meant to give time to simplify reporting requirements and to adapt health coverage and reporting systems, he wrote. It means that one of the key provisions of the Patient Protection and Affordable Care Act, which is unpopular among many business groups, will not take effect until after the 2014 congressional elections.
Read the full story here: http://bit.ly/1b7loZQ
Employers with 51 or more workers will now have until 2015 to face mandates for insurance coverage. The delay comes after federal decision to work out several logistical issues surrounding the mandate. Modern Healthcare reports:
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