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Obama Administration Seeks Input For Simplying Employer Mandate

09/06/13

  05:10:19 pm, by MedBen5   , 183 words,  
Categories: News, Health Care Reform

Obama Administration Seeks Input For Simplying Employer Mandate

Treasury

Following complaints that employer reporting requirements under the Affordable Care Act were too complicated, the U.S. Treasury Department has proposed new rules, the Associated Press reports. The agency seeks comment on options to reduce or streamline reporting by employers, insurers and health plan administrators.

In July, the Obama administration delayed the start date of the so-called employer mandate until 2015 to give the Treasury additional time to simplify the reporting process. Of particular concern to business groups was the redundancy of reporting the same employee information to multiple government agencies.

“Retailers are not interested in being overly burdened by bureaucratic red tape or time-wasting, duplicative reporting requirements,” Neil Trautwein, the top health policy official for the National Retail Federation, said in a statement.

Even with the delay, the administration still hopes employers will voluntarily begin reporting next year to ease the transition.

When the final employer reporting rules are released, MedBen will provide guidance to clients on how to proceed. In the meantime, clients with questions regarding the proposal are welcome to contact Vice President of Compliance Caroline Fraker at cfraker@medben.com.

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