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WASHINGTON (AP) The Treasury Department on Monday gave employers an extension of critical reporting requirements, as it seeks to manage some of the most complicated parts of the federal health care law.
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.
President Barack Obama's health care overhaul joined health insurance and taxes, two of the most complicated areas for consumers and employers alike.
The law's penalties for people who go without health insurance are administered through the income tax system, as are its subsidies to people who qualify for assistance with their premiums.
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