On February 10th, the US Treasury issued final regulations implementing the employer shared responsibility provisions of PPACA.
The employer mandate provision is often referred to as the “pay or play” rules. A few highlights of the regulations include:
• Compliance for medium‐sized employers is delayed until 2016.
• Certain 2014 transition relief is extended, including relief for non‐calendar year plans.
• The requirement to offer coverage to 95 percent of full‐time employees will be phased in over two years.
• Full‐time status is clarified for certain groups.
The Gaudreau Group has put together a full bulletin detailing the provisions, which you can access by clicking below:
Final Employer Shared Responsibility Regulations Issued
We encourage you to read the bulletin and call our office with any questions. Our Employee Benefits professionals are ready to help you.
At The Gaudreau Group, our professionals are well positioned to ensure that all of our clients weather any market conditions. Being part of the Renaissance Alliance allows access to superior Business Insurance options and expert Risk Management services. Through a network of more than 90 offices located throughout New England, we can offer you all the advantages and clout of a large national insurance company while providing you with personal accountability and localized services. The Gaudreau Group has innovative solutions, such as our Group Captive Insurance program, that empower our clients to reduce, control and profit from business insurance costs. With virtually every carrier and program underwriter within our reach, we can easily provide our clients the most efficient and cost-effective review…IN ANY BUSINESS CLIMATE.
