February 17, 2014

More Delays in the Affordable Care Act!

More delays in the Affordable Care Act will impact employers with 50-99 full-time equivalent employees in 2014. They will now have until 2016 to offer health care coverage to their employees or be subject to the shared-responsibility payments. The penalty was already postponed to 2015 from 2014, this makes the second delay. To be eligible for the delay, employers must not reduce their workforce or hours of service in order to qualify and they must maintain their previously offered health coverage. For additional information, read more from the Journal of Accountancy.

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