• Wednesday, July 03, 2013RSS Feed

    Mandate for Employer-Provided Health Insurance Delayed Until 2015

    Businesses with more than 50 employees have an extra year to begin offering health coverage required by the Affordable Care Act (ACA). A post on the US Treasury website announced the deferral yesterday.

    Noting that the vast majority of businesses affected by the requirement already provide health insurance to their workers, Assistant Secretary for Tax Policy Mark Mazur said the delay will allow time to simplify the reporting requirements and enable employers to adapt their reporting systems and health coverage.

    Next year will be a testing and transition period, with employers encouraged to start reporting on their workers’ health coverage in 2014 in preparation for full implementation in 2015.


    Comments

    This is a good news especially for a worker like me.
    Posted by Ashley Dawn on 7/4/2013 2:01 AM
    As a small clinic owner with four employees I do not offer a group plan but I have offered my employees to pay for 70% of their health insurance expenses. Is that acceptable?
    Posted by Andreas on 7/6/2013 11:38 AM
    Until physical therapy services are reimbursed at a minimum rate,I don't see how anyone can offer to their employees any health insurance.
    Posted by Lana on 7/8/2013 12:22 PM
    I am glad to hear of this delay. I am hopeful that ACA will have continued delays. The logistics of ACA is incredibly complicated and is not affordable for anyone. Beginning with the State Exchanges, software programs to design, hardware requirements to be able to utilize the new soft ware, the cost to buy these "mandates", new literature that must be designed and printed by the insurance companies and the government, the documents for the employer to have written instructions for their employees..... This list is endless. All leading to more expense and reasons for insurance companies and the government to raise premiums and taxes, respectively. Will our reimbursement go up because of these excessive monetary damages? Further, the delays need to include the small businesses under 50 employees. These small businesses will be placed under too much financial burden to provide insurance to their small employee groups(ie under 50 employees as defined by ACA).
    Posted by Janene on 7/17/2013 1:31 AM
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