The Internal Revenue Service (IRS) announced on Feb. 10, 2014, that it will delay enforcement of the Employer Mandate as it applies to certain employers and will permit larger employers to offer coverage to a lower number of full-time employees in 2015.
The Patient Protection and Affordable Care Act (Health Care Reform) requires an employer with at least 50 full-time equivalent employees to:
- Offer health care coverage to substantially all of its full-time employees; and
- Offer affordable health care coverage providing minimum benefits to all of its eligible full-time employees.