Affordable Care Act Provision Affecting Businesses Delayed to 2015Friday, July 5, 2013
San Diego businesses have another year to go before they’re mandated by the Affordable Care Act to provide their employees with health insurance, the Obama administration announced July 2.
Employers with more than 51 full-time employees will not face any penalties for not providing insurance to their workers until 2015, according to a blog post from Mark Mazur, assistant treasury secretary for tax policy for the U.S. government.
The delay will help simplify reporting requirements for businesses that need to adopt new health care coverage practices, Mazur said.
“We recognize that the vast majority of businesses that will need to do this reporting already provide health insurance to their workers, and we want to make sure it is easy for others to do so. We have listened to your feedback. And we are taking action,” Mazur wrote.
— Meghana Keshavan