The IRS has postponed until 2015 the Affordable Care Act (ACA) health care reform law’s mandate for large employers to provide health insurance to full-time employees or pay a free-rider penalty. Not postponed: The Oct. 1, 2013, opening of the individual exchanges and the small business exchanges, or SHOPs.
Also not postponed: W-2 reporting of employees’ health benefits. Crucial: You also need to provide the exchange notices to all employees by Oct. 1. Reminder: You must complete Part B. (Notice 2013-45, IRB 2013-31)
PRACTICE TIP: The postponement gives you more time to measure your workforce using the look-back/stability safe harbors and to assess which affordability safe harbor works best for you. For more information on these safe harbors, see these articles from the Payroll Legal Alert archives: