Government announces delay
July 3, 2013
On July 2, the federal government announced that there will be a one-year delay in requiring groups of 50 or more full-time equivalents to provide health coverage to their employees or receive a penalty.
Further, the IRS is making the coverage reporting requirements that apply to any provider of minimum essential coverage and that apply to applicable large employers voluntary in 2014 with intent to make them mandatory in 2015. The remaining ACA provisions are still applicable to coverage that is offered.
Where can I find more information?
We’ll provide you with more information as soon as we receive guidance from the Blues’ Office of National Health Reform. View the Kaiser article.
The information in this document is based on preliminary review of the national health care reform legislation and is not intended to impart legal advice. The federal government continues to issue guidance on how the provisions of national health reform should be interpreted and applied. The impact of these reforms on individual situations may vary. This overview is intended as an educational tool only and does not replace a more rigorous review of the law’s applicability to individual circumstances and attendant legal counsel and should not be relied upon as legal or compliance advice. As required by US Treasury Regulations, we also inform you that any tax information contained in this communication is not intended to be used and cannot be used by any taxpayer to avoid penalties under the Internal Revenue Code.