The White House has announced that it is extending the deadline for businesses with more than 50 employers to provide health care coverage from 2014 to 2015 under the Patient Protection and Affordable Care Act.
"(We) believe we need to give employers more time to comply with the new rules," read an update on the White House's website. "Since employer responsibility payments can only be assessed based on this new reporting, payments won't be collected for 2014."
The extension to 2015 allows employers the time to test the new reporting systems and make any necessary adaptations to their health benefits "while staying the course toward making health coverage more affordable and accessible for their workers," according to the White House statement released Tuesday.
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