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Obamacare Employer Mandate Delayed to 2015

Late on July 2, the Obama Administration announced a one year delay on the mandate for so-called applicable large employers (employers employing 50 or more employees). This mandate was originally to take effect on January 1, 2015.

Treasury Department spokesperson Mark Mazur wrote in a statement posted on the Department's website:

The Administration is announcing that it will provide an additional year before the ACA mandatory employer and insurer reporting requirements begin. This is designed to meet two goals. First, it will allow us to consider ways to simplify the new reporting requirements consistent with the law. Second, it will provide time to adapt health coverage and reporting systems while employers are moving toward making health coverage affordable and accessible for their employees. Within the next week, we will publish formal guidance describing this transition. Just like the Administration's effort to turn the initial 21-page application for health insurance into a three-page application, we are working hard to adapt and to be flexible about reporting requirements as we implement the law. (emphasis added.)

You can read the full text of Mazur's statement at this link.

It appears this delay affects other will not affect other mandates associated with the Obamacare, such as the requirement for employers to furnish a U.S. Department of Labor notice of the availability of health benefits exchanges (see Health Benefit Exchange Notice Published, FELS Newsletter, May 2013)

FELS will bring you additional developments as they happen, including guidance on the delay promised in Mazur's statement.