On July 9, the Internal Revenue Service (IRS) released Notice 2013-45 (the Notice), granting transition relief from the “Employer Shared Responsibility” provisions and certain health plan reporting requirements under the Patient Protection and Affordable Care Act (PPACA). The guidance follows the Obama administration’s July 2 announcement that it would delay enforcement of these provisions until 2015. The relief is intended to provide stakeholders with more time to adapt administrative systems and provide input to the IRS on simplifying the reporting requirements.

This Legal Alert highlights key information in the Notice of interest to employers and issuers of health insurance.