The Obama Administration
announced on July 2, 2013 that it would delay the implementation of a key
provision of the Affordable
Care Act--the employer mandate which will require employers with 50 or more
workers to provide affordable health coverage to employees or risk tax
penalties of up to $2,000 for each full-time employee that did not get health
coverage. The employer mandate was
originally to take effect on January 1, 2014 but now will not be implemented
until January 1, 2015.
The employer mandate has been a
big source of anxiety and criticism in the business community as many business
owners feel that the provision would be too costly to implement.
Additionally, confusion remains on which
businesses would be subject to the mandate as definitions of “full time”
employees and what constitutes “affordable” insurance are complicated and
subject to interpretation.
The delay in implementation of
the employer mandate does not affect the other implementation timelines of the
Affordable Care Act, including the opening of the health care exchanges in
October 2013 and new tax credits to help individuals buy health insurance.
If
you have questions about health care fraud or other legal issues, please
contact Mark Mandell or Tariq Hafeez at 248.380.0000 or online at www.MichiganFraudLawyer.com.
