The Obama administration is giving employers more time to comply with rules requiring them to provide affordable health insurance for their workers.
Mid-sized companies with 50 to 99 employees will now have until 2016 to provide affordable coverage under the Affordable Care Act, a year later than expected, the administration announced Monday.
And larger companies are getting a bit of a break too -- they must offer insurance to only 70 percent of full-time workers in 2015, rather than 95 percent. The higher threshold will begin in 2016.
Only 2 percent of the nation's firms are considered mid-sized, with another 2 percent defined as large.