Uncategorized

Health law’s employer requirement will phase in

Posted at February 11, 2014 | By : | Categories : Uncategorized | Comments Off on Health law’s employer requirement will phase in

By Ricardo Alonso-Zaldivar, Associated Press

Obama admin. unveils another delay in health law mandate that larger businesses cover workers

WASHINGTON (AP) — The Obama administration is giving another delay to business groups concerned about the health care law’s requirement that larger firms cover their workers.

The Treasury Department announced Monday that companies with 50 to 99 employees have an additional year to comply with the coverage mandate, until January 1, 2016.

For businesses with 100 or more employees the requirement will still take effect in 2015. But other newly announced provisions may help some of those firms.

The employer requirement was originally supposed to take effect this year for companies with 50 or more workers. The administration delayed it last year, the first sign of potential problems with the rollout of President Barack Obama’s health care law.

Under the law, companies with fewer than 50 employees don’t have to offer coverage.

Only securities are offered through Neidiger, Tucker, Bruner, Inc. (NTB). All other services/products are offered by Baron Financial Group, LLC, which is not affiliated with Neidiger, Tucker, Bruner, Inc. Baron Financial Group, LLC is solely responsible for the other products/services offered.