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PAY-OR-PLAY DELAYED: EMPLOYER MANDATE AND REPORTING REQUIREMENTS UNDER HEALTH CARE REFORM DELAYED UNTIL 2015

The Obama administration announced on July 2, 2013 through the U.S. Department of Treasury website its plans to postpone implementing two key provisions of the Affordable Care Act (ACA) for one year. Both the annual information reporting requirements and the employer mandate, which potentially penalizes large employers for not offering a minimum standard of affordable health care coverage to full-time employees, will not take effect until 2015. More…