Some employers may believe that because the employer mandate provision of the Affordable Care Act (ACA) has been delayed until January 1, 2015, they face no new requirements under the law until that date. Not true! While large companies (over 50 full-time employees) have been given an extra year (until 1/1/15) to provide health insurance to their employees, employers are still required under ACA to notify employees about their options
The Role of the Broker in Buying Employer-Sponsored Health Insurance
The delay of the employer mandate under the Affordable Care Act (ACA) means employers will not be required to provide group coverage for their employees until January 1, 2015. But, the mandate is going to happen, and we recommend employers begin to think — and plan ahead — for that eventuality. In fact, under ACA, employers must notify their employees about their health insurance options by October 1, 2013 (read
Employer Mandate Delayed until 2015
On July 2, the US Treasury Department announced that the employer mandate — a key provision of the Patient Protection and Affordable Care Act (ACA) — will be delayed until 2015. REMINDER: What is the Employer Mandate? Companies with 50 or more full-time or full-time equivalent employees must offer full-time employees and their dependents (i.e., children up to age 26) coverage that is affordable and provides minimum value beginning in
