*Special HR Alert* - Large Employers Get One Year Reprieve on ACA Penalties

In a blog statement released yesterday, the US Treasury Department announced that it will delay, by one year, enforcing provisions of the Affordable Care Act originally scheduled to take effect on January 1, 2014.  The provision requires employers with the equivalent of 50 or more full-time workers to offer benefits or pay a penalty ranging from $2,000 to $3,000 per employee.  The individual mandate requiring individuals to have health coverage or pay a fine remains in effect starting in 2014 and open enrollment in the Marketplace is still scheduled to begin this October.  Click here to read the release.