DELAY OF PAY OR PLAY
Date:
Monday, July 8, 2013
Delay of Pay or Play Employer Shared Responsibility for Health Insurance
Last week the treasury department announced the decision to delay employer reporting requirements regarding employees’ access to and enrollment in health insurance. The reporting process for employers will be revamped and simplified and since employer responsibility payments are determined through employer reporting, no employer responsibility payments will be collected for 2014.
If you want to read more about the decision following these links which will take you to posts on the Treasury Department website as well as the Small Business Administration (SBA) website.
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