Category: Timely Opportunities
The Patient Protection and Affordable Care Act of 2010’s shared responsibility provision, commonly referred to as “play or pay,” was scheduled to take effect January 1, 2014. But on July 2, the U.S. Treasury announced that the effective date would be delayed one year, to January 1, 2015. IRS guidance will be issued providing more details and perhaps additional changes.
The original provision:
The rules are complex, and the new IRS guidance is expected to clarify — and perhaps simplify — them. Please contact us for the latest information and to determine how your company may be affected.