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Final Regulations Issued for Affordable Care Act Employer Mandate

The IRS and Treasury Department have issued final regulations on the mandate for
certain employers to offer affordable health care coverage to employees.  Under the regulations, businesses fall in to one of three classifications.

Large Employers – Over 100 full-time employees

Under proposed regulations, large employers had to offer affordable coverage to 95% of their full-time employees in 2015.  Under the final regulations, employers have to offer coverage to 70% of employees in 2015, and 95% of employees in 2016.

Midsize Employers – 50 to 99 full-time employees 

Under the final regulations, midsize employers will be required to report on their workers’ health care coverage in 2015, but will not be required to provide coverage until 2016.

Small Employers – Under 50 full-time employees

For those with less than 50 full-time equivalent employees, under current regulations, there are no health care reporting requirements and no employee health care coverage mandates.  For 2015 and beyond, small employers will not be required to provide health care coverage.

The final regulations did not change anything related to the individual mandate to obtain health insurance.  Most Americans are still required to obtain minimum health care coverage for 2014.


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