The U.S Department of the Treasury annou

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: