Play or Pay Mandate Delayed Until 2016

February 11, 2014
Author: Webmaster
Posted In General

The Obama Administration announced yesterday that the Play or Pay mandate will be delayed, for employers with 50-100 employees, until 2016.  Employers will 100 or more employees will still be subject to the mandate for calendar year 2015.

The administration laid out a three-tier approach:

 

1. Large employers with 100 or more employees, 70% of employees must be offered coverage in 2015, and in later years at least 95% of employees must be offered coverage.  Employers that do not meet these standards will be subject to tax penalties.

2. Employers with 50 to 99 employees will have an extra year, until 2016, to provide coverage or pay tax penalties.

3. Nothing has changed in connection with small businesses with fewer than 50 employees.  These companies will not be required to provide coverage.

 

Make a Comment

Required Fields Are Marked By An *.
Latest Insurance News

New Voluntary Benefit for Employer Group

- February 23, 2016

Read More

Contact Us

Chico Office:
Toll Free: (888) 780-3285
Phone: (530) 895-3285
Fax: (530) 895-4292
Address:
70 Declaration Drive, Ste. 201
Chico, CA 95973

Pasadena Office:
Toll Free: (888) 780-3285
Address:
225 S. Lake Avenue, Ste. 300
Pasadena, CA 91101

License #: 0D52868