Federal Government Delays Enforcing Employer Shared Responsibility and Insurer Reporting Requirements Until 2015
The federal government announced in a blog on July 2, 2013, that it will delay enforcing certain provisions of the Affordable Care Act (ACA). Instead of being effective on the first day of the first plan year on or after January 1, 2014, the following provisions will not be enforced until 2015:
- Employer Shared Responsibility: Employers with 50+ eligible employees will have until their first plan year on or after January 1, 2015, to comply with the ’Employer Shared Responsibility’ requirement to provide their workers with healthcare coverage that meets minimum value and affordability rules.
- Reporting Requirements: Insurers and employers that self-insure will also have until their first plan year on or after January 1, 2015, to comply with the requirement to provide certain information about their healthcare coverage to the Internal Revenue Service and to each covered employee.
MMO Update email 07/08/2013