Obama Administration Gives Break For Health Insurance
NEW YORK (CNN) - The Obama administration is giving employers more time to comply with rules requiring them to provide affordable health insurance for their workers.
Companies with 50 to 99 employees will now have until 2016 to provide affordable coverage under the Affordable Care Act, a year later than expected.
And larger companies are getting a bit of a break too -- they must offer insurance to only 70 percent of full-time workers in 2015, rather than 95 percent. The higher threshold will begin in 2016.
Companies with fewer than 50 people on staff are not subject to the Obamacare employer mandate.