Treasury Releases Additional Guidance on Employer Mandate

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Treasury Releases Additional Guidance on Employer Mandate

by Gary S. Young on September 18, 2013

The deadline for Employers to comply with the “Employer Mandate” provisions of the Patient Protection and Affordable Care Act (PPACA) has been postponed until 2015. In addition to the delay, the Treasury Department recently released new proposals that will further limit the compliance burdens placed on U.S. businesses.

As we have previously discussed on this Business Law Blog, the PPACA requires employers with 50 or more “full-time” employees to provide health insurance to all of its full-time employees. Failing to do so will result in the imposition of non-deductible excise taxes of $2,000 for each non-covered, full-time employee (after deducting the first 30 full-time employees).

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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.

© Gary Young, Scarinci Hollenbeck, LLC | Attorney Advertising

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