News & Events

Would you like to receive automatic updates to your RSS Reader for CGI Business Solutions News & Events? RSS
Google Chrome User? Try this extension for reading RSS in your browser
2/10/2014

On Monday, Feb. 10, 2014, the IRS announced it is delaying some aspects of the employer mandate. The Treasury Department said employers with fewer than 100 workers will not have to provide health care to their workers in 2015. Although these employers will have until 2016 before facing a penalty for failing to cover employees, such employers will still be required to report how many workers are covered in 2015. The IRS is still finalizing regulations on the actual employer reporting requirements.

Employers with 100 or more employees will still be required to provide health insurance for full-time employees in 2015. However, the new rules will only require them to cover 70 percent of full-time employees and then 95 percent the following year.

The IRS provided additional guidance on staffing firms, adjunct professors, commissioned workers, volunteer workers, like firefighters, and other groups. More information will be available in tomorrows Compliance Corner e-newsletter. The Final Regulations on the employer mandate will be published in the Feb. 12, 2014, Federal Register.

Final Regulations

Source: Benefits Partners

Back to News