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July 25, 2014

Employers Have an Additional Year to Comply with Key Provision of the Affordable Care Act

A key provision of the Affordable Care Act has been delayed: The U.S. Department of Treasury announced on Tuesday that employers will have an additional year (until 2015) to comply with the requirement to provide health coverage to full time employees, or pay a fine.  The other provisions of the Affordable Care Act have not been delayed.  Additional guidance is expected in the coming weeks.

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About this Author

Nancy L. Farnam, Varnum Law Firm, Employee Benefits Attorney
Partner

Nancy represents a wide range of employers in the design, documentation, administration and taxation of welfare benefit plans, qualified retirement plans and non-qualified deferred compensation plans.

248-567-7426
Associate

Kimberley is an associate in the Employee Benefits practice group concentrating on executive compensation and deferred compensation.

616/336-6625