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.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Affordable Care Act, Deadlines, Delays, Employer Mandates, Healthcare, IRS, Pay or Play, Penalties, Shared Responsibility Rule, Transition Relief, U.S. Treasury
Published In: Health Updates, Insurance Updates, Labor & Employment Updates, Tax Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Sutherland Asbill & Brennan LLP | Attorney Advertising