Hooray! Obamacare Employer Mandate Takes Effect

What will the effects be? Time will tell (via The Right Scoop)

(Washington Times) Starting in 2015, companies with 100 or more workers have to provide affordable insurance to at least 70 percent of their employees or pay heavy fines under the “employer mandate,” which was supposed to take effect at the start of this year, alongside the health care law’s other key provisions.

Employers with 50-100 workers will have to comply starting in 2016, at which point all affected employers must insure at least 95 percent of their employees.

Employers with fewer than 50 workers are exempt from the mandate.

Most big companies provide health insurance. Of course, what might Team Obama/HHS deem “affordable”? Anyhow

But human resources departments will grapple with IRS reporting requirements from day one to document their compliance and avoid tax penalties, a task that can get Byzantine and expensive for companies with lots of part-time workers and seasonal workers, who add up to full-time “equivalents.”

Really, most moves by companies have probably been made already. We will see if any drop coverage, increase the number of part timers, or something else.

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One Response to “Hooray! Obamacare Employer Mandate Takes Effect”

  1. john says:

    hurrah !! Obamacare has helped to lower our unemployment rate

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