On July 2, the Treasury Department issued a press release announcing that implementation of the "pay or play" rules, or employer shared responsibility rules, of the Affordable Care Act (the "Act") would be delayed for one year. The pay or play rules require employers with 50 or more full-time employees to provide health plan coverage that meets the requirements of the Act, or pay a penalty. The delay in the implementation of the pay or play rules does not affect other provisions of the Act, so employers should continue to plan and prepare for compliance with the Act.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.