The Experts Explain the ACA Delay and what it Means to Employers
On July 2, 2013, the U.S. Treasury Department announced that it will delay enforcing the employer penalties associated with the Affordable Care Act (ACA) by 1 year. But, the delay does not mean that you can afford to put off your ACA planning. It simply means that you can become more proactive in your approach.
In fact, most employers must track eligibility from October 2013 through October 2014 to determine who is eligible for the 2015 benefit plan year. This means that you only have three short months to define and implement a reliable approach to tracking eligibility. In addition, the requirement to distribute notifications of eligibility to all existing and new employees has not gone away and is still mandated to begin this October.
We know that the change is keeping many employers up at night, and recently presented an educational session to cover the burning questions we’ve been receiving. One of the top ACA compliance attorneys and workforce experts presented a webinar explaining more about:
- What employers will still be accountable for beginning October 1, 2013
- What the new provisions mean to your organization
- How to implement an infrastructure for ACA
- Why individual mandates may make your phone ring off the hook