The Employer Mandate, commonly called “Play or Pay,” imposes penalties on large employers with 51 or more full time equivalent employees that do not offer “affordable,” “minimum value” coverage as of January 1, 2014. On July 2, 2013 the Obama administration announced that this provision has been delayed until 2015. This will give large employers another year to start tracking employees and to offer adequate and affordable coverage. The government will also be using the additional time to simplify the employer reporting requirements associated with the provision. The Department of the Treasury has noted that formal guidance can be anticipated soon.
What is not changing:
- The Exchanges and premium tax credits
- The individual mandate
- Any other ACA provision