The health care reform law passed in 2010 included a
provision that would require employers of 50 or more full-time employees to
provide affordable health insurance to their workers or face steep penalties.
That provision was scheduled to take effect January 1, 2014.
The Treasury Department has announced that the effective
date of this provision will be postponed for one year. The mandatory employer
and insurer reporting requirements and any penalties connected with them will
be delayed in order to allow more time for companies to adapt to meet the
requirements.
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