03 Jul BREAKING NEWS: EMPLOYER HEALTH CARE MANDATE EXTENDED!
BREAKING NEWS: EMPLOYER HEALTH CARE MANDATE EXTENDED!
Late Tuesday evening (7/2/2013), the Treasury Department announced that it is delaying the federal health care mandate for EMPLOYERS until January 1, 2015 and there will be no penalties assessed for business who don’t provide health insurance for their employees in 2014! The Treasury Department intends to use this time to streamline the current law in hopes of making it less burdensome to business owners.
The INDIVIDUAL mandate is not affected by this announcement. Starting in 2014, individuals are required to obtain medical insurance or pay a penalty. For those individuals not covered by their employer’s plan, health insurance can be purchased on the “health insurance exchange.”
Consider us your source for information on changes with “Obamacare” — we’re here to help you with it. Remember, not only do we have an experienced tax division at Unbehagen Advisors, but we also have an experienced insurance division. Navigating “Obamacare”, and the likely many changes, requires the expertise of BOTH! Contact us with questions!
We will continue to update you on “Obamacare” as decisions are made…..so stay tuned!