The federal government is giving companies more time to report newly required information on their employees under Obamacare.
The Treasury Department said Monday that it will extend the due date when employers are required to report their employees’ health insurance information for 2015 from Feb. 1 to April 1.
Companies that have more than 50 full-time employees had to start tracking this year their insurance coverage provided to workers. Businesses below 50 employees are exempt.
Affected employers will be the same ones who have to abide by Obamacare’s employer mandate in 2016, which requires such companies to provide health insurance for a majority of its workers.