DBL Law

DBL Law, Cincinnati Law Firm

SUBSCRIBE
  • About Us
  • Practices
  • Attorneys
  • News/Events
    • COVID-19 Business Resources
    • Blogs
      • Civil Litigation
      • Criminal Defense
    • Events
    • Firm News
    • Legal Alerts
    • Newsletters
  • Contact
    • Northern Kentucky
    • Louisville, KY
    • Cincinnati, OH
    • Careers
  • Excel Title
Bob Hoffer

Obama Administration Delays Employer Mandate of Affordable Care Act

July 3, 2013 Bob Hoffer

The Obama Administration has announced that it will delay the implementation of the employer mandate until 2015.  The mandate, a key component of the Affordable Care Act, would have penalized employers with more than 50 employees if they fail to provide a minimum standard of affordable health insurance by 2014.  Companies now have an extra year to adjust their policies to meet the law’s requirements.

The delay allows the Obama Administration time  to address concerns among business owners, the vast majority of which already provide coverage to their employees.  Companies complained that the reporting requirements create an administrative burden.  The Administration is examining ways to allegedly simplify the process to reduce the burdens of the employer mandate on smaller companies  and to ensure businesses do not follow through on threats of layoffs or reduced hours.

The so-called individual mandate is not affected by the rule change, and still requires the vast majority of Americans to purchase insurance or be penalized.

« Back to news

Subscribe
 
  • Best Places To Work NKY 2020
  • Best Places To Work 2020
  • Top Work Places

    2011 – 2020

NORTHERN KENTUCKY
  (859) 341-1881
CINCINNATI, OH
  (513) 241-4110
LOUISVILLE, KY
  (502) 572-2500
©Copyright 2021 DBL Law All Rights Reserved
THIS IS AN ADVERTISEMENT