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ACA’s employer health insurance requirements delayed

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The assistant secretary for tax policy at the U.S. Department of the Treasury revealed in a blog post July 2 that the administration will delay the Affordable Care Act’s requirement that businesses with more than 50 employees provide health insurance by 2014 until 2015 after hearing concerns about the complexity of the requirements and the need for more time to implement them effectively.

Mark J. Mazur wrote in the post that the one-year delay will allow for the simplification of reporting requirements and more time for businesses to adapt to changes. Formal guidelines will be published within the next week, he added.

Read the full blog post at http://www.treasury.gov/connect/blog/Pages/Continuing-to-Implement-the-ACA-in-a-Careful-Thoughtful-Manner-.aspx.

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