Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.
The U.S. Department of the Treasury (Treasury) announced yesterday that the Obama administration will be delaying the effective date of certain key provisions of the Affordable Care Act until 2015. Specifically, the employer and insurer reporting requirements and the employer shared responsibility rules, commonly referred to as the "pay or play" or "employer mandate" rules, will both be delayed until 2015. This additional time will allow Treasury to consider ways to simplify the new reporting requirements and will provide time to adapt health coverage and reporting systems while employers move forward with complying with the statute's requirements. Formal guidance is expected within the next week, and proposed regulations on the employer and insurer reporting requirements are expected later this summer.
The announcement by Treasury does not have any impact on the individual mandate rules, which will generally be effective January 1, 2014, and the healthcare exchanges are still expected to be operational later this year. Day Pitney will be issuing a more detailed Client Alert following the issuance of formal guidance by Treasury.
In the meantime, please contact any of Day Pitney's Employee Benefits and Executive Compensation attorneys if you have any questions regarding the Affordable Care Act or any other employee benefits matter.
Francine Esposito, Rachel Gonzalez and Laura Schuman co-authored the article, "Negotiating a Successor Collective Bargaining Agreement During a Pandemic," for the New Jersey Law Journal.
Day Pitney Alert
Day Pitney Alert
Day Pitney Press Release
Firm Ranked Tier 1 Nationally for Energy Law and Trusts and Estates Law
Day Pitney Press Release
Day Pitney Press Release
Stephen Ziobrowski was quoted in an article, “C-Corp. Conversions Not Attractive To All Pass-Throughs,” published by Law360.
Heather Weine Brochin was quoted in an article, "Confidentiality Disqualifies Harassment Settlement Tax Deductions," published on the Society for Human Resource Management (SHRM) website.