Today, the administration announced a one-year delay in the Affordable Care Act’s requirement that businesses with 50 or more employees offer coverage to their workers or pay a penalty.
The employer penalty known as the “Play or Pay” provision of the law will not go into effect until 2015. This means that large employers will not be subject to a potential penalty until 2015.
The Spindel Agency will continue to keep you informed of the impact of this delay on affected clients as well as other regulatory issues and changes surrounding the Affordable Care Act.
Click here to ready the report from the Treasury Department
