The Internal Revenue Service announced today that small businesses with 50 to 99 full-time employers will be exempt from a mandate to provide health insurance until 2016 under the Affordable Care Act.
Enforcement was to take effect next year, but it’s been pushed back along with a stipulation that larger companies must only offer 70 percent of full-time staff insurance this year, rather than 95 percent.
Employers will have to certify they haven’t fired people to qualify for the delay, and fines can be as much as $3,000 per worker. Read more at Bloomberg News.
{Andy Heller-Matzav.com Newscenter}
