» Employee Mandate – Delayed One Year!
July 1, 2013
Late last Tuesday, the Department of Treasury unexpectedly announced that the effective date of a key provision of the Affordable Care Act has been delayed for one year.
The announcement delays the effective date of the employer shared responsibility requirement, a crucial component of the Affordable Care Act. This provision, also known as the “employer mandate” or the employer “pay or play” rule, generally requires large employers with 50 or more full-time equivalent employees to provide health coverage to full-time employees working 30 or more hours a week or pay a penalty. The employer shared responsibility requirement was scheduled to take effect January 1, 2014, but has been postponed until January 1, 2015. To learn more, click here.
Posted in Blog