Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

This week the White House announced that it was delaying by one year implementation of the "Obamacare" employer mandate. The mandate will now go into effect on January 1, 2015 instead of 2014.This delay means nothing to the vast majority of Americans, including those in the real estate industry.The employer mandate requires that employers with more than 50 full-time or full-time equivalent employees provide minimum health care coverage to their employees, or pay a fine of $2,000 per employee minus the first 30 employees.Employers in that group now have until 2015 to comply. In practical terms this means little, since 94 percent of those employers already provide their employees with health coverage.It's been estimated that only about 12,000 of employers in this group, who h...