Treasury Announces Transition Period for Employer Penalties, Information Reporting Requirements Under Health Care Law

July 2, 2013 Washington Counsel Ernst & Young The Department of the Treasury announced on July 2, 2013 in a blog post that employer shared responsibility payments under the Affordable Care Act (ACA) will not apply until 2015 and that information reporting by employers and health insurers will not be mandatory until 2015. The blog post…

Obama Administration Delays Employer Mandate for Affordable Care Act

July 3, 2013By Michael Cohn: ACCOUNTING TODAY The Obama administration has decided to postpone the employer responsibility payment and insurance reporting requirements under the Affordable Care Act for one year to give businesses more time to comply with the health care reform law. “The Administration is announcing that it will provide an additional year before the ACA…