Wednesday 07/03/13 The Obama administration unexpectedly announced Tuesday evening that it is delaying the employer mandate under the Affordable Care Act until 2015, forcing FFVA to postpone its series of meetings at several locations July 8-11 on the topic. The Treasury Department is expected to release formal guidance soon.
FFVA will reschedule the meetings for the fall, so watch for details then. We apologize for any inconvenience. In the meantime, note that this announced delay only applies to the employer mandate ($2,000/$3,000 penalty) for 2014. At this time, we are unaware of any additional delays in the other provisions in the Affordable Care Act. The team at J. Rolfe Davis Insurance, which will be giving a presentation at the FFVA meetings, recommends that you proceed in planning for the implementation for Jan. 1, 2014, with regard to the other mandates under the Act. For example (not a comprehensive list): 90 Day Waiting Period, Exchange Notice, W-2 Reporting, Pre-Existing Conditions Exclusions, Women’s Preventive Services, PCORI Fees, Reinsurance Fees and more.