Online Health Insurance Quotes
twitter logo facebook logo

855-677-6580

Contact Us

Employer Responsibility and Information Reporting Requirements Delayed Until 2015

 

On July 2, 2013, the Treasury Department announced that enforcement of the employer shared responsibility payments of the Patient Protection and Affordable Care Act (PPACA) will be delayed by one year, until 2015. Compliance with the law’s information reporting provisions will be voluntary for 2014, but strongly encouraged. Formal guidance is expected within the next week.

The Administration said they recognized the information reporting required by insurers, self-insured employers and others providing health coverage is complex so they will try to streamline the requirements over the next few months through discussions with stakeholders. Proposed rules on the reporting requirements are expected to be issued this summer. Without the reporting requirements in place, it would be “impractical to determine which employers owe shared responsibility payments,” according to the post on the Treasury Department’s website.

What This Means
There will be no penalties in 2014 on businesses that don’t meet the requirements of the “employer mandate.”

What’s not changing as a result of these delays:
Employer Responsibility and Information Reporting Requirements
The Exchanges/Marketplaces
The individual mandate
Individuals’ access to premium tax credits
Any other PPACA provision

 


Experient will provide you with additional information after further guidance is published.

Our Products

Look no further for comprehensive private Health Insurance. At Experient Health Individual Insurance, you'll find a complete guide to a variety of insurance plans; from individual and family to Medicare Supplemental. Serving Maryland, Virginia, and Washington DC.

Aetna Logos Anthem Logo Care First BCBS Logo Coventry Logo Optima Logo

About Us

If you're ready to compare popular plans online. Get your free quotes now. If you'd like to talk about your options, please contact us. Our services are free and it doesn't stop once you purchase a plan

Get the best rates on your coverage by comparing free quotes before you purchase a plan. Our Personal Health Care specialists are also on hand to talk about your options. Our insurance quotes and advice are free and at zero obligation to you, so why not get started today?