IRS Postpones Employer Mandate Until 2015

In keeping with recent tendencies to release bombshell guidance just before major holidays, the Treasury Department announced late on July 2 that it is delaying the Patient Protection and Affordable Care Act’s employer “shared responsibility” (i.e., “play or pay” mandate) penalties and related employer and insurer reporting obligations until 2015. The delay effectively postpones the employer mandate for a year.

“These payments (the employer shared responsibility penalties) will not apply for 2014,” wrote Mark J. Mazur, Assistant Secretary for Tax Policy at the Treasury Department, in a letter posted late today on the Department’s website. “Any employer shared responsibility payments will not apply until 2015.”

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Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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