DELAYED till 2016… Employer Mandate

Employer mandate will not be effective till 1.1.2015 rather than 2014!

Employers under 99 given till 2016  Miami Herald 2.10.2014  Federal Regulations 227 Pages

More info on Treasury Site

ACA Employer Mandate Delayed Further for Some Employers

On Monday, February 10, 2014, the U.S. Treasury Department and IRS announced final regulations on the Affordable Care Act’s (ACA) Employer Shared Responsibility containing some very important compliance changes and clarification, including:

  • Employers      with 50 to 99 full-time or full-time equivalent employees will have      until 2016      to offer coverage to their full-time employees or pay an employer penalty,      if they certify they are not cutting positions to avoid the mandate.
  • 100+      employers must offer ACA-defined affordable coverage with minimum value to      70% of their full-time employees in 2015, rather than the proposed      requirement of 95% (all but the greater of 5% or 5 employees).  The      95% requirement will apply in 2016.
  • Seasonal      employees in positions for which the customary annual employment is six      months or less generally will not be considered full-time.
  • Large      employers are not required to provide coverage to their full-time      employees’ dependents in 2015      if they are taking steps to arrange for dependent coverage to begin in      2016.

Click here to review the U.S. Treasury Fact Sheet (This is an excellent summary document with valuable information not covered in many news reports.)

Click here to read the U.S. Treasury and IRS Press Release.

Click here for the updated IRS FAQs on Employer Shared Responsibility.        Word & Brown 2.11.2014 Email

More info on this site

More info and background on Steve Shorr.com

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