WASHINGTON (AP) – The Obama administration says it’s giving employers who need more time a limited extension for critical reporting requirements next year under the federal health care law.
The Treasury Department said Monday it acted after many employers complained they might not be able to get information processed in time.
Employers had previously faced deadlines in February and March to report 2015 health insurance information to their employees, and also to the IRS.
Employers can now have until March 31 to get information to their workers and until June 30 in certain cases to get details to the IRS.
The information is needed to enforce the health law’s requirement that individuals carry insurance, to administer its subsidies for premiums and to apply its requirement that larger employers offer coverage.