Today, the Obama administration announced that the employer mandate aspect of the Patient Protection and Affordable Care Act (PPACA) will be delayed by one year.
This mandate requires businesses with 50 or more workers to provide health insurance coverage to employees. As a result, the administration will start enforcing the mandate in 2015, rather than January 1, 2014, in an effort to give businesses more time to prepare. This change has come about due to the input they have received from businesses.
There will be additional changes tied to this delay, and the administration has stated that they will provide formal guidance within the next week.
We will do our best to keep you up-to-date and informed of the changes associated with the PPACA.
See the official release here:
http://www.treasury.gov/connect/blog/Pages/Continuing-to-Implement-the-ACA-in-a-Careful-Thoughtful-Manner-.aspx
