The Retail Industry Leaders Association today issued the following statement in response to the Treasury Department’s announcement of the final employer mandate rules under the Affordable Care Act (ACA):
“Retailers have been waiting for the final rules they need to comply with the health care law. Retailers appreciate the flexibility in the final rules which provide a roadmap for implementation and will help them prepare for the changes in the way they can provide coverage to their employees and their families,” Christine Pollack, vice president of government affairs at RILA.
RILA greatly appreciates the flexibility included in the ACA final employer mandate rules, specifically on:
1) Transition relief for non-calendar year plans. With the final rules, the employer mandate is effective for plan years beginning on or after January 1, 2015. Many retailers have plan years that straddle January 1. This relief means that these businesses do not have to change their plan mid-year.
2) Codification of the look-back measurement period. Enables employers with large portions of variable-hour workforces to measure these hours over a three-to-twelve month period. Provides more certainty for employees who receive coverage during the stability period.
3) Codification of four affordability test options. Provides employers with four options of meeting the mandate’s affordability test.