By Craig Palmer, ADA News staff
The Obama administration, in a blog posted at the Treasury Department website July 2, announced a one-year delay to 2015 in penalties for employer failure to provide coverage for employees under the Affordable Care Act. The law requires employers with the equivalent of 50 or more full-time workers to offer health benefits or pay a per employee penalty.
“We have heard concerns about the complexity of the requirements and the need for more time to implement them effectively,” the Treasury blog said. “We recognize that the vast majority of businesses that will need to do this reporting already provide health insurance to their workers, and we want to make sure it is easy for others to do so. We have listened to your feedback. And we are taking action.”
Further regulations will be proposed this summer “after a dialogue with stakeholders,” the administration said. But any “shared responsibility payments” from employers with 50 or more employees will not apply for 2014 as scheduled. Most dental employers have fewer than 50 employees.