PPACA’s Employer Mandate Delayed to 2015
PPACA’s Employer Mandate requires employers with more than 50 full-time equivalent employees to provide full-time workers with affordable coverage, or face penalties/taxes of either $2,000 or $3,000 per employee. The goal is to ensure as many American workers are covered by health plans through their employers as possible. The IRS was set to begin enforcing these penalties at the beginning of 2014.
On July 2 the Obama Administration announced a one-year delay in enforcement action against applicable large employers who fail to provide health care coverage to their full-time workers. This announcement references an upcoming rule that will push back the enforcement of the tax penalties associated with the Employer Shared Responsibility provision (i.e., Employer Mandate) to 2015. The individual mandate still will go into effect on January 1, 2014.
PPACA Acronym List
Sage Healthcare Advisory Services FAQs
Understanding The Look Back Period
Download this document for key information related to the look-back measurement method of determining full-time employees.
2013 PPACA Checklist
Download this document for a complete list of PPACA requirements for 2013.
How To Report Health Care Costs
Download this document for information related to how and when reporting healthcare costs on W2s is required.
2013 PPACA Tax Overview Reference Guide
Download this document for highlights of several key tax, funding and coverage implications stemming from the Patient Protection and Affordable Care Act (PPACA).
The Healthcare Reform Survival Guide
Download this document for checklists and explanations to help you meet changing health benefits compliance mandates.
Sage Healthcare Advisory Services
Download the Sage Healthcare Advisory Services Spec Sheet.
allCheck from BenefitMall is a pay or play calculator designed to provide a report summarizing estimated results – potential penalties or tax credits based on responses to a short survey.
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