Effective Dates of Provisions in Health Care Law Postponed Until 2015
The IRS recently announced that certain provisions of the health care law, namely the large-employer health care penalty and information reporting aspects of IRC’s 6055 and 6056, are postponed from their original 2014 effective dates to 2015. The postponed items impose penalties on qualified employers that do not offer minimum medical insurance coverage to their employees. The Treasury advises companies that will be subject to the law when effective in 2015 to begin implementing the rules regardless of the postponed effective date so they are prepared when it is time. Read more here.
