On Monday afternoon, the Obama administration announced that it will delay more aspects of the employer mandate in The Affordable Care Act. The following provisions are among the most important to business being delayed:
* Employers with between 50 and 100 full-time employees will have until 2016 to comply with the employer mandate.
* Employers with 100 or more full-time employees will only need to offer affordable minimum value coverage to 70% (rather than 95%) of their full-time employees in 2015.
* Transitional relief will be available to non-calendar-year plans (Ex. employers with 100 or more full-time employees will have until the first plan year beginning in 2015 to comply with the employer mandate).