July 8, 2013

Employer Mandate Delayed

Just in case anyone missed the news, the Employer Mandate portion of the PPACA has been delayed until January 1, 2015.

On July 2, 2013, the Treasury Department announced that enforcement of the employer shared responsibility payments of the Patient Protection and Affordable Care Act (PPACA) will be delayed by one year, until 2015. Compliance with the law’s information reporting provisions will be voluntary for 2014, but strongly encouraged. Formal guidance is expected within the next week.
The Administration said they recognized the information reporting required by insurers, self-insured employers and others providing health coverage is complex so they will try to streamline the requirements over the next few months through discussions with stakeholders. Proposed rules on the reporting requirements are expected to be issued this summer. Without the reporting requirements in place, it would be “impractical to determine which employers owe shared responsibility payments,” according to the post on the Treasury Department’s website.

If you have any questions about your health insurance for your Tucson business or personal insurance policy, please give HalSi insurance a call at 520-296-7881.