ACA Employer Mandate and Employer Penalties Delayed to 2015

In a major update, the Obama administration announced on July 2nd, 2013 that it will delay the Affordable Care Act’s employer mandate until 2015.  This means that businesses with 50 or more employees will not be penalized in 2014 if they do not provide health insurance to workers.  Over the next year, the Administration intends to streamline business reporting requirements.  The White House explained that this delay was in response to businesses that expressed concern that the policy was confusing and created new data collection and reporting burdens. To read the White House Communication on this issue, click here:  
http://www.whitehouse.gov/blog/2013/07/02/we-re-listening-businesses-about-health-care-law

The Treasury Department’s also released information in more detail.
http://www.treasury.gov/connect/blog/Pages/Continuing-to-Implement-the-ACA-in-a-Careful-Thoughtful-Manner-.aspx

The Association is taking steps to analyze the impact of these changes and the necessary requirements and deadlines for employers.  We will keep you informed.