Employers of 50 or more people have been granted an additional year before the Affordable Care Act's mandatory employer and insurer reporting requirements begin, the federal government announced July 2. The Obama administration says it is working to simplify the reporting process and will provide an additional year for employers and insurers to implement the necessary data collection and coordination efforts required to comply with the employer shared responsibility payments required by ACA. Accordingly, the reporting requirements are suspended for 2014 and will be implemented for 2015.

Formal guidance describing the transition is expected to be issued by Treasury by mid-July. Meanwhile, the White House website provides this ACA-related guidance for employers:

  • If you are a small business with less than 50 workers, the law’s employer shared responsibility policies does not apply to you. Instead, you will gain access to the Small Business Health Options Program that gives you the purchasing power of large businesses. In fact, you may be eligible for a tax credit that covers up to half the cost of insurance if you offer quality coverage to your employees
  • If you own a business with more than 50 workers that already offers full-time workers affordable, quality coverage, you are fine – we’ll work with you to keep that coverage affordable
  • And if you are a company with more than 50 employees but choose not to offer quality affordable coverage, we have provided as much flexibility and transition time as possible for you to move to providing affordable, quality coverage to your workers.
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