The Affordable Care Act's Play or Pay Rules Have Been Delayed - Large Employers Will Not be Subject to Penalties for Failure to Offer Coverage in 2014

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On Tuesday, the Administration announced that the Affordable Care Act’s employer shared responsibility payments, better known as the Play or Pay rules, will not go into effect until 2015. All public and private employers subject to the rules that do not offer affordable coverage providing minimum value to full-time employees in 2014 will not be subject to penalties. The Department of Treasury will publish formal guidance shortly. Proposed rules related to the informational reporting requirements are expected sometime this summer. The Employee Benefits group of Best Best & Krieger will issue additional Legal Alerts when the guidance and proposed rules are released.

Topics:  Affordable Care Act, Delays, Employer Mandates, Pay or Play, Shared Responsibility Rule, Tax Penalties, 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.

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