VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
Businesses now have more time to prepare for changes as a result of the Patient Protection and Affordable Care Act, with the Obama Administration postponing the mandatory employer and insurer reporting requirements until 2015.
Additionally, employers with more than 50 employees will not be impacted by the so-called “play or pay” provision requiring them to provide health care coverage or face a fine.
The administration expects to publish formal guidance and revised information reporting rules for insurers, self-insuring employers and other parties that provide health care coverage this summer.
Not addressed in the administration’s announcement? The individual mandate set to go into effect in 2014 requiring most individuals to obtain health insurance or pay a penalty, nor the implementation of marketplace exchanges.
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This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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