Yet Another Delay for Car Dealers to Comply with the Affordable Care Act

Published: Feb 14, 2014

On Monday (2/10) the Obama administration announced another delay in health insurance requirements mandated by the Affordable Care Act. Previously, companies with less than 100 employers had until 2015 to start providing health insurance to their employers. The next extensions sets the date to 2016.

This change is especially relevant to car dealers – as of 2012 the average dealership had 55 employees. The National Automobile Dealers Association (NADA) is yet to give its definitive stance on the matter, but commented that the extended deadline can be beneficial to dealers struggling to cope with the requirements. At the same time it expressed concern “about any potential negative effects that may be caused by the uncertainty of shifting deadlines for individual dealership employees”.

As for dealerships with more than 100 employees, they will have to conform with the regulation starting next year.

To read the full story, visit Automotive News.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.