Treasury puts off ACA mandate penalties for some employers
The Obama administration announced earlier this week that the Treasury Department is delaying enforcement of an Affordable Care Act requirement for medium-sized employers to provide health care coverage for employees.
Under the delay, companies with the equivalent of 50-100 full-time employees, which would have had to offer qualifying health coverage to employees by 2015 or face penalties, now have until 2016 to comply. For a detailed analyis, see NAIFA's GovWatch.
This is just the latest in a series of administration delays in implementing provisions of the ACA. The following chart created by NAIFA's Government Relations Team lists the other ACA delays. For more comprehensive information, visit NAIFA's ACA resource page.
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Provision Delayed |
Delay Announced |
Original Effective Date |
Delayed Effective Date |
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Rules governing and implementation of the |
2/8/2013 |
1/1/2014 |
1/1/2015 |
|
Out-of-pocket dollar maximums for consumers delayed |
2/2013 |
1/1/2014 |
1/1/2015 |
|
SHOP exchange delays plan options, limiting |
4/1/2013 |
1/1/2014 |
1/1/2015 |
|
Employer mandate penalty delay for not |
7/2/2013 |
1/1/2014 |
1/1/2015 |
|
Launching of federal SHOP exchange delayed one month |
9/26/2013 |
10/1/2013 |
11/31/2013 |
|
Individuals granted application grace |
10/23/2013 |
2/15/2014 |
3/31/2014 |
|
Insurers allowed to temporarily reinstate |
11/14/2013 |
1/1/2014 |
1/1/2015 |
|
Individual application grace period for coverage |
11/22/2013 |
12/15/2013 |
12/23/2013 |
|
Beginning of 2014 open enrollment season delayed |
11/22/2013 |
10/15/2014 |
11/15/2014 |
|
Launching of online federal SHOP exchange |
11/27/13 |
11/31/2013* |
11/2014 |
|
Administration urges insurers to allow additional time for consumers to pay first month premiums |
12/12/2013 |
12/31/2013 |
1/10/2014 |
|
State preexisting condition risk pool program (PCIP) |
12/12/2013 |
12/31/2013 |
1/31/2014 |
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Individuals with cancelled policies allowed to purchase catastrophic coverage, avoid penalties for 2014 |
12/19/2013 |
1/1/2014 |
1/1/2015 |
|
Individual application grace period for coverage beginning January 1, 2014 extended for one day |
12/23/2013 |
12/23/2013* |
12/24/2014 |
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Individuals demonstrating enrollment difficulties for coverage beginning January 1, 2014 eligible for “special enrollment period” of unspecified length |
12/24/2013 |
12/24/2013* |
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State preexisting condition risk pool program (PCIP) |
1/14/2014 |
1/31/2014* |
3/31/2014 |
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Employer mandate penalty for not offering qualified coverage partially delayed for second time |
2/10/2014 |
1/1/2015* |
1/1/2016 |