On February 10, the U.S. Treasury Department released final regulations implementing the employer shared responsibility provisions of ACA. The ACA’s employer mandate provision is often referred to as the “pay or play” rule.
The final rules will delay implementation for medium-sized employers that are covered by the employer mandate. Large employers that have fewer than 100 full-time employees (50-99) will have an additional year, until 2016, to comply with the pay or play rules.
If you have questions about how the “pay or play” rules impact your business, please contact one of our insurance experts.