Key provision of Affordable Care Act delayed

  • The Obama administration announced on Tuesday, July 2, 2013, that a key provision of the Affordable Care Act (ACA) has been delayed. The employer mandate will still require businesses with 50 or more full-time employees to provide affordable health insurance to employees working more than 30 hours per week; however, the original January 1, 2014 deadline has been extended one year to January 1, 2015. At this time, all other aspects of the law remain in effect, including the individual health insurance mandate that requires individual to purchase insurance or be penalized.

    As part of the Chamber’s commitment to guiding your business through the ACA, we will continue to monitor and update you on the impact of this announcement as it unfolds. For specific information regarding the impact of this delay, please visit our Roadmap Through Reform website. There you will also find an overview of what businesses need to know about the ACA, a list of Frequently Asked Questions, and even a glossary of terminology. We also have a reform advisor to answer questions via email or phone. 

     

    **You will soon see the Chamber’s newsletter in your company mailbox. Please note at time of print, this delay had not been announced. However, our website has been updated to reflect the new deadline.

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    Wednesday, July 3, 2013

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