On July 3, the Obama administration announced that the Affordable Care Act’s large employer insurance mandate will be postponed until 2015. Since then, the IRS has issued guidance on how large employers should respond to this delay. In the report, the IRS states that employers should use the additional time to improve health insurance coverage plans and develop reporting systems. The IRS will release the rules on reporting later this summer. These rules will detail which data large employers must provide the IRS to comply with the Affordable Care Act’s insurance mandate. Until then, here are some steps large employers can take to facilitate compliance with the upcoming Affordable Care Act’s requirements:

• Devise a plan to provide new full-time employees with heath insurance coverage in under 90 days
• Determine whether the health insurance coverage offered to employees meets the Act’s criteria for “affordable”

For more information about how the Affordable Care Act will affect your business, contact DLM Legal at info@dlmlegal.com or 216.635.0002.