As you have likely heard by now, the United States Treasure Department has indicated that it will delay the employer mandate portion of the Federal Healthcare Law. In short, that law provided that by Janurary 1, 2014, large employers (with over 50 full-time or full-time equivalent employees) must provide healthcare to their employees. Now, however, the Treasury Department has stated, “
[t]he Administration is announcing that it will provide an additional year before the ACA mandatory employer and insurer reporting requirements begin” They have also provided that Treasury Department will issue formal guidance on this delay in upcoming weeks.
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By Trevor D. Large, Partner
