Jul 03, 2013
Yesterday, the Obama administration announced (official guidance will be released within the next week) that it will not enforce the mandatory employer and insurer reporting rules required under health care reform until 2015. Such requirements will be voluntary in 2014, and employers will be encouraged to voluntarily report to test the reporting systems during the 2014 transition period. The delay is designed to provide a transition year that will be utilized to simplify required reporting and adapt the new exchange coverage system and reporting systems to be more workable for employers and all reporting entities.
Due to the delay of mandatory reporting until 2015, the employer penalties under the “Play or pay” rule applicable to large employers (employers employing 50 or more full-time or full-time equivalent employees) will not be enforced until 2015.
THIS DELAY AFFECTS ONLY THE EMPLOYER REPORTING AND PENALTIES, AND DOES NOT AFFECT ANY OTHER PROVISION OF THE HEALTH CARE REFORM REQUIREMENTS.
For example, still in effect for 2014:
We will know more details regarding the delay and how it applies after official guidance is released, and we will be issuing a more detailed e-alert at that time. In the meantime, this news does not mean you should completely suspend your planning for health care reform compliance. Please contact Dannae Delano with any questions you have about the announced delay or regarding what you need to do for 2014 compliance after the official guidance has been issued on the delay.
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