Employer health care mandate is delayed until 2015

Jul 17, 2013

The delay of the Employer mandate affects those companies with 50 or more full time employees. Those of you with less than 50 full time employees are not affected by this, but your employees who don't have coverage must still comply with the individual mandate to purchase coverage or pay a fine. The individual mandate, which requires all individuals without insurance to purchase it by January 1, 2014 as well as the the opening of the Exchange by October 1, 2013 have not been delayed. Those required to buy insurance under the individual mandate are eligible for tax credits to subsidize their premiums. Because the reporting requirements have been delayed, the Treasury will not have accurate data to assess whether and to what extent an individual is eligible for tax credits...stay tuned, further changes or delays may be in the works...read more...http://www.cgma.org/magazine/news/pages/20138268.aspx

About the Author

Don is a CPA and an accomplished senior financial executive with over 30 years of broad based financial and operational experience, including oversight of finance, accounting, HR, IT and business development. During his exciting career, Don has held positions of CFO, VP Finance/Business Development, Controller, President, and as a CPA and Consultant. Don has experience in a wide array of small to large sized private and public companies and industries, including manufacturing, distribution, direct mail marketing, construction, retail, automotive, software and services. This experience, coupled with an eye on ethical business practices and moral thought has given Don the ability to bring world-class leadership to small to medium-sized businesses for a fraction of the cost of an employee.

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