Obamacare delay takes heat off mid-sized employers |
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Written by Jeremy Burns |
Monday, 17 February 2014 12:06 PM America/New_York |
Larger companies—defined by the law as having 100 or more employees—also were granted a reprieve in the announcement. Though their implementation date remains Jan. 1, 2015—delayed by a more sweeping announcement in July from the law’s original 2014 deadline—large employers will only be required to offer insurance to 70% of full-time workers by that time, instead of the 95% originally mandated. Small employers—those with 49 or fewer employees—will not be required to offer insurance or fill out any forms, but will instead be able to purchase health plans through new marketplaces created under the Affordable Care Act. The federal small-business marketplace, which was supposed to roll out in October 2013, has been delayed until the fall. Though the administration’s unilateral delays have raised
the ire of the law’s critics and proponents alike, the employer mandate delays
offer some breathing room to employers still struggling to implement the law’s
requirements. Failure to comply with
the requirements can carry steep fines, and with sections of the employer
mandate still being questioned on legal and moral grounds—most prominently in
the upcoming Hobby Lobby Supreme Court case dealing with the contraceptive
portion of the mandate—the requirement’s delays will offer more time for
employers and enforcers alike to better assess and implement the law’s changes. |