White House Postpones Mandatory Employer Coverage by One Year
July 3—Mandatory employer coverage requirements will now go into effect in 2015, rather than 2014, the Obama administration announced Tuesday.
According to a blog post by Mark J. Mazur, assistant secretary for tax policy for the U.S. Department of the Treasury, the extension is in response to concerns regarding the complexity of the requirements for mandatory employer coverage and insurer reporting outlined in the Affordable Care Act (ACA).
The additional year will provide the Obama administration with time to consider ways to simplify the reporting requirements and to test reporting systems in 2014 to support a smoother transition to full implementation in 2015.
According to Mazur, the Obama administration also will publish proposed rules this summer related to information reporting by insurers, self-insuring employers and certain other employers, and other parties that provide health coverage.
Employer shared responsibility payments will not apply until 2015, Mazur said in the post.
Publication Date: Wednesday, July 03, 2013