Keeping Up With ACA Changes: A White Paper

As the Affordable Care Act becomes fully implemented over the years, it will have an inevitable effect on everyone. The Internal Revenue Service has once again delayed the Affordable Care Act’s employer mandate requirement for businesses with 50 to 99 employees. The new effective date is January 2015. This delay gives certain companies extra time before they are required to offer health insurance to virtually all of the full-time workers they employ. In order to qualify for the delay on the mandate the company must:

• Not reduce the size of their workforce or overall hours of employees through 2014
• Continue or increase employer contributions toward coverage from Feb. 9, 2014, through the end of the 2015 plan year
• Complete and attach a certification to their Section 6056 report (due January 2016), which requires employers to report the healthcare coverage offered to full-time employees
• Down from a previous 90 percent, employers are required to offer minimum essential coverage to at least 70 percent of their full-time employees in 2015. If a company has 100 or more full-time and full-time equivalent employees, they still must meet the terms of the employer mandate requirement on Jan. 1, 2015. Something else to be aware of, is that employers will pay no penalty on the first 80 employees instead of 30 in 2015.

PREMIUM CONTENT: Summary of Final ACA Regulations

For the latest information with regard to the ACA, Kavaliro has updated its Affordable Care Act white paper with the changes to the midsize business employer mandate. To learn more about these changes, and to read the Affordable Care Act in full, please click here.

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