Only 176 Days until the Affordable Care Act health insurance plans (often referred to as Obamacare) are available. With the constant updates and changes going on we are going to try our best to keep you updated on what this all means and most importantly how it is going to affect you. One of the most recent changes to the mandate is the extension of the employer penalty from 2014 to 2015. This extension gives the business owners, employees, health insurance carriers, and government one more year to iron out the details of the mandates and how they will implement them. Here is a notice from Anthem Blue Cross on this extension:
Employer mandate delayed
July 3, 2013
On July 2, 2014, the Obama administration delayed part of the Affordable Care Act (ACA or health care reform law) that affects employers. The parts of the law listed below will now go into effect in 2015 instead of 2014:
1. Employers will not have to report certain information to the IRS. This has been referred to as “employer reporting requirements.” We are waiting for the IRS to give details on what requirements this includes.
2. The rule that says large employers have to offer coverage to full-time workers or pay a penalty. “Large employer” in this case is a business that has 50 or more full-time or full-time equivalent employees (that work an average of 30 hours a week).
3. The rule that says coverage offered by large employers cannot be more than 9.5% of a worker’s pay for self-only coverage.
The delay notice changes the employer mandate part of the law only. The individual mandate and other parts of the law are unchanged. We are evaluating the impact and waiting for more information. The IRS has said it will release more details about the delay soon. We will share more information as soon as possible.
This article applies to:
- California, Wisconsin, Virginia, Ohio, New York, Nevada, New Hampshire, Missouri, Maine, Kentucky, Indiana, Georgia, Connecticut, and Colorado
- Small Group, Large Group, and ANA Consultant
We will continue to update you as we receive updates from our carriers and the administration. If you have any questions or would like to speak to us about health insurance please call our office at 661-327-5531, email Jennifer Crosby at email@example.com, or stop by our office at 111 H Street.