Health Care Reform – New Guidance Issued on Employer Mandate

IRS Notice 2015-87 provides further guidance on the application of various provisions of the Affordable Care Act (“ACA”) that affect applicable large employers (“ALEs”) under the Employer Penalty. Unless otherwise provided, the guidance in Notice 2015-87 applies for plan years beginning on or after January 1, 2016, but employers may rely upon this guidance for all prior periods.