IRS Formalizes Employer Mandate DELAY in Providing Health Insurance

 

The Internal Revenue Service has issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements.

The announcement gives larger employers an additional year to comply with the health care reform law.  The requirements will instead begin in January 2015 fo employers with 50 or more full-time employes to offer quality affordable health insurance to employees for face a $2,000 fine per employee if the employee receives a premium tax credit for purchasing individual coverage on one of the upcoming health insurance exchanges.

 

 

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