Obamacare employer mandate eased
Posted: Feb 10, 2014 6:23 PM CDT | Updated: Nov 5, 2014 1:25 PM CDT
NEW YORK (CNNMoney) -- The Obama administration is giving employers more time to comply with rules requiring them to provide affordable health insurance for their workers.
Companies with 50 to 99 employees will now have until 2016 to provide affordable coverage under Obamacare, a year later than expected.
And larger companies are getting a bit of a break too -- they must offer insurance to only 70% of full-time workers in 2015, rather than 95%. The higher threshold will begin in 2016.
Companies with fewer than 50 people on staff are not subject to the Obamacare employer mandate.