The U.S Department of the Treasury announced yesterday, July 2, 2013, that it will be delaying for one year any imposition of penalties for noncompliance with the employer mandate under the Patient Protection and Affordable Care Act (PPACA). This means that large employers (50+ employees) will not be required to offer health insurance to their employees for 2014. The decision was designed to provide an additional year for businesses to have time to comply, and to continue to plan and understand their responsibilities under the PPACA. Within the next week the U.S Department of the Treasury will publish formal guidance describing this transition.
Here is the announcement by the U.S Department of the Treasury: http://ow.ly/mDKQ1