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ObamaCare Employer Provision Delayed Until 2015

The provision of the Affordable Care Act (ObamaCare) requiring employers with 50 or more employees to offer health insurance or face a penalty per employee has been pushed back one year.  It will not be implemented until 2015.  

(see CNN Article)

ObamaCare requires employers with 50 or more employees to provide health insurance coverage to all full-time employees.  Should an employer not meet this requirement, the penalty imposed would be $2000 per employee starting with the 30th employee.  Many businesses have claimed difficulty with meeting the reporting and compliance requirements beginning on January 1 and some have begun to reduce hours of employees as well as cease or severely constrict hiring of new employees.

No doubt between now and 2015 we may well see additional changes to this part of Obamacare to encourage hiring and discourage hour reductions.  

At any rate, businesses with 50 or more employees now have an extra year to get ready for whatever the final ObamaCare requirements will be.

This action does not impact small businesses with less than 50 employees nor does it impact the individual & family health market.

Dave
www.davefluker.com

Comments

  1. I thought this was part of the law that one day they will actually read now that is was passed.

    How can Obama not enforce the law?

    ReplyDelete

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