On February 10, 2014, the U.S. Department of Treasury released the final regulations that will govern how and when employers provide health insurance coverage to employees. Large employers will have to offer health care coverage to their full-time employees or pay a penalty to the federal government starting Jan. 1, 2015. Employers with fewer than 100 employees have been granted an extra year before they will be required to implement the employer mandate.

In 2015, very large companies will face penalty if they do not offer health care coverage to at least 70 percent of their full-time workers. The regulations offer guidance for defining full-time employees and counting hours of service. These final regulations remained unchanged from the proposed regulations.

The employer mandate will not be enforced until January 2015.

Related Practices

Employee Benefits and Executive Compensation
Health Care
Health Care Reform