BREAKING: Obama Administration Delays The Employer Mandate For a Second Time

  

OBAMA ADMINISTRATION ANNOUNCES FURTHER DELAYS TO EMPLOYER MANDATE

The Obama administration announced this afternoon that it will delay certain aspects of the employer mandate, including:

• Employers with between 50 and 100 full-time employees will have another year (until 2016) to comply with the employer mandate.
• Employers with 100 or more full-time employees will only need to offer affordable minimum value coverage to 70% (rather than 95%) of their full-time employees in 2015.  
• Transitional relief will be available to non-calendar-year plans (i.e., employers with 100 or more full-time employees will have until the first plan year beginning in 2015 to comply with employer mandate).  

We will provide a detailed overview of what this means for employers as soon as possible. In the meantime, here is a Fact Sheet from the U.S. Treasury Department outlining what some of those delays will entail.

The final IRS regulations, scheduled to be published in the Federal Register on February 12th, are available at: https://s3.amazonaws.com/public-inspection.federalregister.gov/2014-03082.pdf.