Employer Mandate Penalties Delayed Until 2015
The Obama Administration has postponed the Affordable Care Act (ACA) large employer mandate penalties for one year, until January 1, 2015. The Department of the Treasury announced the delay on July 2, 2013, along with a similar delay for information reporting by large employers, health insurance issuers and self-funded plan sponsors. On July 9, 2013, the Internal Revenue Service (IRS) issued IRS Notice 2013-45 to provide more formal guidance on the delay. Click on the links to download the full articles.