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New ACA Delay

Key provisions of the Affordable Care Act have been delayed for a year. This delay will grant employers with between 50 and 99 employees specific relief and a different type of relief for employers with more than 100 employees.

From the Treasury Department announcement: "Companies with 50-99 employees that do not yet provide quality, affordable health insurance to their full-time workers will report on their workers and coverage in 2015, but have until 2016 before any employer responsibility payments could apply."

Changes to the regulations don't stop there. Employers with 100 or more employees learned that the percentage of employees they must offer "minimally essential coverage" to (in order to remain compliant with the Applicable Large Employer requirements) in 2015 changed from 95 percent to 70 percent. But, this relief will only last one year – the 95 percent offering requirement is set to become law in 2016.

"The Affordable Care Act is complex, with a lot of moving parts and changes continue to happen," said Don McAnelly, CPA/ABV, CGMA, Rehmann's director of healthcare. "Before we're looking in the rearview mirror at its full implementation, there may well be more twists ahead. That's why it's a good idea to speak with a trusted advisor, so you can be prepared regardless of what happens."

 

Published in Healthcare

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