Administration delays health law requirement for employers
by Loren Bonner, DOTmed News Online Editor | July 03, 2013
Obama administration officials announced late Tuesday that a main requirement of health care reform would be delayed one year.
The so-called employer mandate, which requires companies with 50 or more workers to offer affordable insurance or pay a fine of as much as $3,000 per employee, will go into effect in 2015 instead of 2014.
The Treasury Department, which made the announcement, said in a statement that the postponement came after business owners expressed concerns about the complexity of the law's reporting requirements.
Every American will be required to carry insurance or pay a penalty when the health law goes into full effect in 2014. The employer mandate delay will not affect this provision or any other aspects of the law, according to officials.
The so-called employer mandate, which requires companies with 50 or more workers to offer affordable insurance or pay a fine of as much as $3,000 per employee, will go into effect in 2015 instead of 2014.
The Treasury Department, which made the announcement, said in a statement that the postponement came after business owners expressed concerns about the complexity of the law's reporting requirements.
Every American will be required to carry insurance or pay a penalty when the health law goes into full effect in 2014. The employer mandate delay will not affect this provision or any other aspects of the law, according to officials.
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