<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=690758617926394&amp;ev=PageView&amp;noscript=1">
Skip to content

Affordable Care Act Update -- Delay to Employer Mandate

February 23, 2014

Written by admin

On February 10, 2014, the Department of Treasury announced that businesses with 50 to 99 full time equivalent employees will not face a tax penalty under the Employer Mandate provision of the Affordable Care Act (ACA) for not providing health care coverage to their employees in 2015.

According to one senior administration official, this postponement is has been granted to allow medium sized employers "a little more time to adjust to providing coverage." In addition, organizations with 100 or more full time equivalent employees will only need to provide health insurance to 70 percent of their full time employees in 2015 in order to comply with the Employer Mandate.

This recently amended phase-in of the Employer Mandate (also known as the "Play or Pay" requirements) will only impact the 2015 obligations. For 2016 and beyond, all businesses with 50 or more full time equivalent employees must provide health care coverage to at least 95 percent of their full time employees as originally envisioned in the ACA.

As a leader in the Payroll Processing industry in Buffalo, Rochester, Syracuse, and much of New York State, CPP is committed to keeping you on top of the latest regulations that impact your business.  Please contact your customer service representative if you have questions or concerns regarding compliance with the Affordable Care Act.  Let us help you with our experience and knowledge about payroll processing, HR and more.

 

DISCLAIMER: The information provided herein does not constitute the provision of legal advice, tax advice, accounting services or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional legal, tax, accounting, or other professional advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation and for your particular state(s) of operation.

Get The Newsletter

Bi-weekly on Thursdays. We compile HR best practices, labor law updates & other content to help you pay and manage your workforce more effectively.

Complete Payroll Circle Logo
Ready to Make the Move to Payroll Country?

Get a Quote

Related Posts