The Obama administration decision to delay reporting and enforcement of employer mandate is welcome relief for all employers that would have been subject to the reporting requirements and shared responsibility payments. Pharmaceutical and Life Sciences companies will now have additional time to determine their coverage responsibilities and to implement the necessary recordkeeping and reporting capabilities.
Administration delays reporting, enforcement of employer mandate for 2014 - 22 July, 2013
For the most part, the delay in the underlying shared responsibility or pay or play requirements won’t disturb the health coverage that many employers now offer their workers. However, it does give employers extra time to develop and implement their pay or play strategies. This extension will be particularly helpful to employers with significant part-time, seasonal, per diem, or other variable hour workers.