October 20, 2014
October 19, 2014
October 18, 2014
Employer Mandate Provision in Affordable Care Act (ACA) Delayed
The Obama administration will delay the “employer mandate” provision in the Affordable Care Act, giving businesses an extra year to comply with a requirement that they provide employee health insurance. McBrayer previously discussed the intricacies of the employer mandate here and here. Under the provision, companies with 50 or more workers face a fine up to $3,000 per employee if they don’t offer affordable insurance. The announcement was made Tuesday, July 2nd, as a response to overwhelming concern from businesses that they would need more time to understand and implement the requirements.