February 26, 2014 – Diversified Group Compliance Update
IMPORTANT: FINAL REGULATION FOR EMPLOYER SHARED RESPONSIBILITY (PLAY OR PAY) RELEASED
On February 9, 2014, the Treasury Department and IRS issued final regulations on PPACA Employer Shared Responsibility (Play or Pay). The final rules provide some transitional relief that will come as welcome news to many employers. The changes in the final regulation are intended to provide a more phased in approach to full compliance with Employer Shared Responsibility.
Some of the key changes from the proposed regulations are summarized in the attached Compliance Update. Click here to read our Compliance Update.
If you have any questions on any of these topics, please feel free to contact Dave Follansbee by email:firstname.lastname@example.org or by telephone at: (860) 295-6531.
We will be holding a client seminar on March 26th at the Homewood Suites in Glastonbury, CT to help you better understand Play or Pay and how it impacts your company. Be sure to keep an eye on your in-box for your invitation!