1. Employer Mandate Postponed: The ACA requirement for employers with at least 50 full-time employees to provide health coverage is now scheduled to take effect in January of 2015 instead of 2014. While some experts say the one-year delay of the employer mandate probably won't have a huge impact on health reform implementation (because a majority of 50+ employers already offer health coverage), the postponement does give the Treasury Department and employers more time to work out the necessary coverage reporting requirements.
2. Coverage and Income Verification Delayed: The government also announced it will move to an "honor system" in 2014 for coverage and income verification. States operating marketplaces (i.e., exchanges) will not be required to confirm a consumer's statement that he or she does not have employer-sponsored coverage, nor will states have to verify reported income, which determines a person's eligibility for a premium subsidy. Income verification has been postponed until 2015. However, consumers who misrepresent their income on the application for exchange coverage are subject to a penalty of up to $25,000.
Source: CHOICE Administrators
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