Health Care Reform Delays

Since you may have missed this health care reform update last week during your preparation for the holiday weekend, we are sharing the below eBulletin we received from Anthem just before the holiday.

On July 02, 2014, the Obama Administration delayed part of the Affordable Care Act (ACA, or health care reform law) that affects employers.

The parts of the law listed below will now go into effect in 2015 instead of 2014:

1. Employers will not have to report certain information to the IRS. This has been referred to as “employer reporting requirements.” We are waiting for the IRS to give details on what requirements this includes.

2. The rule that says large employers have to offer coverage to full-time workers or pay a penalty. “Large employer” in this case is a business that has 50 or more full-time or full-time equivalent employees (that work an average of 30 hours a week).

3. The rule that says coverage offered by large employers cannot be more than 9.5% of a worker’s pay for self-only coverage.

Health Care Reform – Employer Mandate Delayed

The delay notice changes the employer mandate part of the law only. The individual mandate and other parts of the law are unchanged. We are evaluating the impact and waiting for more information. The IRS has said it will release more details about the delay soon. We will share more information as soon as possible.

Health Care Reform Assistance

If you have questions/comments/concerns about this news, please share in the comments section below, on our facebook page, orĀ  complete the form below and one of our experts will be in touch with you quickly.

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

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