Employer Mandate Delayed

As some of you may be aware the Employer Mandate is being delayed from 2014 till 2015.    This does not effect the individual mandate.  Individuals that do not have insurance will still be required to buy insurance for a start date of January 1, 2014.   If you do not purchase health insurance through your employer you will be required to buy insurance through a federal or state based exchange or broker.    Here are some other key pieces of information:

  • Enrollment will begin  October 1  for a January 1, 2014 start date. (we feel that this could delayed, we are less than three months away and there has been no training or testing be done with the marketplace.)
  • If you fail to purchase insurance, you will pay a tax of $96 the first couple years and then it indexes up in 2016.   Most people get a refund so it will be take out of your refund.
  • You may be eligible for a subsidy based on your household size and household income.    You can see if you are eligible for the subsidy by going to this link. http://kff.org/interactive/subsidy-calculator/

We think there is more information to come about federal based exchanges in the next couple of weeks.   There is a lot of work and there is a lot of to be done.

Mike Braun

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