Obama Delays Health-Insurance Requirement for Some Employers
A batch of employers won’t face a fine next year if they fail to provide health insurance to their workers, the Obama administration said Monday.
In regulations outlining the Affordable Care Act, the Treasury Department said employers with between 50 and 99 full-time workers won’t have to comply with the law’s requirement to provide insurance or pay a fee until 2016.
Companies with 100 workers or more could avoid penalties in 2015 if they showed they were offering coverage to at least 70% of their full-time workers, Treasury said.
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