In California, the ObamaCare 12 month delay is really a 1 month delay for many employers who were gaming the system.
News reports of the Administration’s July 2nd announcement are overlooking the fact that while implementing ObamaCare in California, knowledgeable insurance brokers have been helping employers take advantage of loopholes in the transitional relief part of ObamaCare regulations that effectively delayed Pay or Play Affordable Care Act penalties for almost a year.
Mandatory reporting will not apply for 2014. “Any employer shared responsibility payments (under section 4980H) will not apply until 2015.”
Administration’s Press Release: http://www.treasury.gov/connect/blog/Pages/Continuing-to-Implement-the-ACA-in-a-Careful-Thoughtful-Manner-.aspx
What could be a big deal, however, are updated proposed rules for these provisions that will be published later this summer. Subscribe to this page for updates.