Obamacare clock stops for your boss, not you

  @Money August 19, 2013: 4:14 PM ET

Most people will still need to buy health insurance or pay a fine by January.

(Money Magazine)

Large employers that don't offer health care coverage next year won't face fines under Obamacare. You, however, are not so lucky.

In July the administration unexpectedly delayed the Affordable Care Act's employer mandate until 2015, citing businesses' difficulty meeting the original January 2014 deadline.

That's big news for people working less than the traditional 40 hours at companies with 50 or more employees. About one-third of those firms today don't insure workers putting in as little as 30 hours a week, reports Mercer; the ACA would have made them provide insurance to those people or pay a penalty.

The timetable hasn't slowed for you, though.

Related: Uninsured next year? Here's your Obamacare penalty

In late July, the rule that most people buy insurance or pay a fine (1% of income for high earners in 2014) was still set to kick in come January.

Obamacare out-of-pocket cost confusion

Should you need a health plan, you can shop for one starting in October through exchanges created under the ACA; find the exchange for your state at healthcare.gov. To top of page

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Another year of waiting
Delaying the Obamacare employer mandate will hit some industries' workers harder than others.
Industry Employers not offering coverage to all employees working 30-plus hours per week
Finance 22%
Manufacturing 25%
Health care 46%
Retail/hospitality 46%
Note: Figures are for firms with at least 50 employees.
Source: Mercer

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