Part of the Affordable Care Act (ACA, also known as healthcare reform) is the employer mandate for businesses with over 50 FTEs (full-time equivalent employees) to provide healthcare coverage to their employees working 30 hours or more. The consequence for NOT providing healthcare to full-time employees is to face hefty government fines. Late yesterday, the Obama administration announced that the employer mandate portion of healthcare reform has been DELAYED UNTIL 2015! What does this mean for employers? It simply means they have another year to prepare. We have already been asked here at MCS what that means for individuals and W-2 reporting. We are being told that all other provisions of the ACA legislation will remain in effect. However, we are telling our clients that it is truly 'wait-and-see' at this point. The government sure does keep our jobs interesting!
We will continue to monitor this closely and keep you updated.
We will continue to monitor this closely and keep you updated.
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