PayNews: Further ACA Delay Provides More Breathing Room for Employers

Various news outlets are reporting that the Obama administration announced today (February 10, 2014) that employers with between 50-99 employees will get an extra year until they must offer health insurance to their full-time employees. This means offering insurance will not be mandatory until 2016 for these employers.

Large employers (100 employees and up) were also given a break. For 2015, they must offer affordable health insurance to 70% of eligible employees, rather than the previously required 95%. Beginning in 2016 the percentage then goes to 95%.

It appears as well that employers will need to certify (not clear how) that they did not lay off any workers to get below the 100 employee threshold in order to qualify for the delay.

Stay tuned for more details.