Affordable Care Act laws & HR compliance analysis

Affordable Care Act: What you need to know

The ACA was implemented in stages and encompasses several major areas:
• Measures to encourage more employers to provide coverage, such as the small employer tax credit and health insurance exchanges;
• Insurance reform measures to require insurers and employers to provide better coverage, such as the elimination of lifetime and annual limits and preexisting condition restrictions;
• Measures to reduce costs such as grants for wellness programs and the provision of larger incentives in wellness programs; and
• Measures to greatly reduce the number of uninsured, such as the expansion of Medicaid, the requirement that large employers provide coverage or face financial penalties, the requirement that individuals obtain coverage or face penalties, and mandates on coverage for adult dependent children.
Note: The Supreme Court has ruled the ACA is constitutional, including the individual mandate (National Federation of Independent Business v. Sebelius, 132 S. Ct. 2566 (2012)) and the ACA exchange subsidies (King v. Burwell, 135 S. Ct. 2580 (2015)).
In December 2018, a federal district court in Texas ruled that the ACA is unconstitutional because a 2017 law eliminating the individual mandate penalty effectively undercut the 2012 majority's tax-based rationale for upholding the act. However, the ACA remains in effect as the case is appealed to the 5th U.S. Circuit Court of Appeals.
For a Limited Time receive a FREE HR Report on the "Critical HR Recordkeeping”.  This exclusive special report covers hiring records, employment relationships, termination records, litigation issues, electronic information issues, tips for better recordkeeping, and a list of legal requirements.  Download Now
The ACA provides a tax credit to certain small employers that provide healthcare coverage to their employees. The Internal Revenue Service (IRS) has issued final regulations and other various guidance regarding the credit (26 CFR 1.45R-1 et seq.).
Eligible small employers. Small employers ...

Read more about Affordable Care Act