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.
Larger companies had to abide by the mandate this year.
The department said that the extension doesn’t affect the majority of individual taxpayers.
This is the second Obamacare-related extension issued by the administration this month.
The administration extended a deadline by two days to Dec. 17 to let more people sign up for Obamacare and get coverage by Jan. 1.
