On July 3, 2013, Kaiser Health News (KHN) has published a very informative 6-question FAQ regarding employer compliance for the Employer Mandate Delay, part of the Affordable Care Act.
Below is an excerpt of the published frequently asked questions:
Q. The government has delayed the requirement for large employers to offer health plans. Am I still obligated to obtain coverage next year?
Yes. The requirement that individuals obtain health insurance or pay a penalty – which starts at $95 next year, or 1 percent of household income, whichever is higher, and rises to $695 or 2.5 percent of household income in 2016 – has not changed. But for workers whose employers delay plans to offer coverage, buying a health plan in the subsidized marketplaces known as exchanges might actually be a better deal than what they would have been offered.
To read the full article, click here: FAQ: What Workers And Employers Need To Know About The Postponed Employer Mandate