Earlier this week, the Obama administration announced a delay for one year of the “Employer Mandate”. The Employer Mandate required businesses with 50 or more full time employees to cover all full time employees ( those working>30rs/week) with health insurance. The one year delay is said to be due to the complexity in the reporting and calculations by employers to determine fulltime and coverage. Employers faced fines and penalties if they did not comply.
The delay in employer mandated coverage did not come along with a corresponding delay in the “individual mandate” that mandate says that all individuals must have health Continue reading