The mandate of the employer
Also called the "employer mandate", this specific provision requires companies with more than 50 workers provide coverage affordable and adequate insurance to employees. Those failing to do so is punishable by a fine of $ 2,000 per worker. The mandate will now take effect in January 2015, after the 2014 Congressional elections.
The employees should have to work 30 or more hours per week to be eligible for coverage, which was cited as a reason by some employers to simply reduce the number of employee hours worked per week.
White House maintains that the delay of the employer mandate will help reduce financial and regulatory burdens on businesses by allowing them more time to comply with the new law. This includes adapting monitoring systems and requirements that many companies, large and small, have expressed complaints about the reports.
What about the employees?
The decision to push back the employer's mandate may have an impact on some employees, like those who have received coverage under the reform of health care will be required to use the health insurance market.
federal tax subsidies will be available for eligible employees who make between 100 and 400 percent of the federal poverty level (FPL), which does not have an employer's coverage.
US Treasury will issue further details about the delay of this provision in a week.
0 Komentar