White House Delays Affordable Care Act Employer Mandate Until 2015

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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.

Lisa Greene-Lewis

Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis

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