Employer Mandate Delayed until 2015
Due to the complexity of the Affordable Care Act's employer mandate requirements and the need for more time to implement the requirements effectively, the Department of Treasury announced on July 3 that it will delay enforcement of key provisions of the employer mandate for an additional year. In particular, the requirement that large employers report whether they offer qualifying coverage to their full-time employees will not apply until 2015, and the IRS will not assess penalties against large employers for failing to offer coverage until 2015.
You can read the Department of Treasury's announcement by clicking here.
The Department of Treasury indicated that it will publish formal regulatory guidance regarding this delay and transition within the next week and further guidance on the reporting requirements this summer. The Pedersen & Houpt team will continue to monitor the guidance issued regarding the employer mandate and provide important updates.
If you have any questions about the employer mandate or health care reform in general, please feel free to contact any of the following members of Pedersen & Houpt's healthcare reform team:
- Susan M. Burke - 312 261 2120, email@example.com
- Amy J. Panici - 312 261 2440, firstname.lastname@example.org
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