Sunday, July 07, 2013

OBAMACARE EMPLOYMENT MANDATE DEFERRED FOR ONE YEAR

Under the phase-in of Obamacare, employers with 50 or more full-time employees are obligated to provide medical insurance to employees or face a fine (or as the Supreme Court determined, a “tax”), commencing January 1, 2014. The Treasury Department has now delayed this until January 1, 2015.
However, the deadline for individuals to have coverage or face a fine/tax has NOT been deferred beyond the scheduled January 1, 2014 date.
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