White House Delays Affordable Care Act Employer Mandate Until 2015

Today, the White House announced a delay in the employer mandate under the Affordable Care Act, which requires employers to provide health insurance coverage to their employees or pay a penalty.

This will not impact the individual mandate which requires most uninsured Americans to purchase health insurance by March 31, 2014.

What Does This Mean to Employers?

Under the employer mandate, employers with more than 50 full-time employees would have been required to provide health insurance or face penalties beginning January 1, 2014, but now they will have until 2015.

How Will This Impact You?

The delay does not change the individual requirement to purchase health insurance.  Most uninsured Americans will still be required to purchase health insurance by March 31, 2014.  If your employer provides insurance, you don’t have to take further action.  Find out more here.

Have specific questions about how this impacts you?  Ask them below or get health care reform answers in our TurboTax community.

TurboTaxLisa

Lisa Lewis is a CPA and the TurboTax Blog Editor. Lisa has 15 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. Lisa also has been a TurboTax product user for many years and understands how the software program works. In addition to extensive tax experience, Lisa also has a very well-rounded professional background. She has held positions as a public auditor, controller, and operations manager. Prior to becoming the TurboTax Blog Editor, she was a Technical Writer for the TurboTax Consumer Group and worked on a project to write new FAQs to help customers better understand tax laws. She could also be seen helping TurboTax customers with tax questions during Lifeline. For Lisa, getting timely and accurate information out to customers to help them is paramount.

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