The Internal Revenue Service has posted an informational notice regarding the government's one-year delay of the health law's employer health insurance mandate.
This month, the federal government decided to postpone the requirement, under the Patient Protection and Affordable Care Act, that all businesses and companies with 50 or more employees offer health insurance to those employees or pay a penalty. Originally, this provision was supposed to take effect January 2014, but the Obama administration pushed it back until 2015.
"Both the information reporting and the employer shared responsibility provisions will be fully effective for 2015," the notice reads. "In preparation for that, once the information reporting rules have been issued, employers and other reporting entities are encouraged to voluntarily comply with the information reporting provisions for 2014."
To read the IRS' full notice, click here.
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