Monday, February 10th, 2014, the Obama administration announced another delay for the employer mandate, this time giving employers with 50 – 99 full time equivalent (FTE) employees, who meet certain guidelines, some transitional relief until 2016. Employers with more than 99 FTEs will be subject to the employer mandate rules under ACA beginning January 1, 2015. However, these larger employers also received significant concession and can avoid some fines by offering coverage to 70% of their full-time employees in 2015, and 95% starting in 2016.
The Treasury also released final regulations on the employer mandate and we will summarize these details shortly.