All About ACA Employer Mandate

By Alta Alexander


Countless of US residents may have already heard about Affordable Care Act. Obamacare is another term for it. Nevertheless, numerous employees do not have a clear idea how this can affect their health benefits.

Businesses that did not grant healthcare insurance previously may begin doing so. Nevertheless, other businesses may also stop offering it. The thing about this is that it is not that obvious to Americans how it can actually impact their health benefits positively. Public insurance marketplaces are avenues of health insurance providers which are operated either by the state or federal government. Small groups and small individuals can take advantage of the ACA employer mandate because they can avail of healthcare insurance. It will be less complicated for everyone to compare health insurance products.

Under this act, it is the responsibility of employers to provide health benefits to their employees. Majority of the time, organizations that do not offer heallth benefits to their employees are affected. New requirements on businesses are imposed. The rules took effect last January 1, 2015 for those businesses with fifty or more full-time equivalent and full-time employees. On the other hand, businesses with fifty to one hundred full-time equivalent and full-time employees that meet specific requirement will start following this on January 1, 2016.

Majority of the employers need to provide a group health plan coverage to at least ninety-five percent of their full-time employees. Otherwise, they will face possible penalty. Penalty may be imposed on employers offering insufficient coverage. To encourage small business owners to offer employee health benefits, they are offered reduced rates when it comes to the subsidized plans in the marketplace.

Employees with private policy which they have acquired for themselves or through their employers, it will not be necessary for them to do anything. Those unqualified for exemption like uninsured employees need to include paying their penalty along with their taxes.

Coverage should be provided by companies to their workers who work more than 30 hours per week. Such is applicable to workers working part-time at a company with 50 or more full time comparable as well as full time workers. This is still optional. Purchasing a plan from the marketplace costs less especially if the company they are working for is offering health benefits.

For legal business functions, third-party staffing agency may retain temporary including contract employees. The reason behind this is that these employees are technically employees of the agency. The mandates of Affordable Care Act must be followed by the staffing agency especially if there are eligible employees working full time. Qualified candidates will be given access by excellent agencies to take advantage of employee health benefits regardless if they are temporary, consultant or contract employees.

The scope including the complexity of this can certainly make employers confused. On top of that, they become even more confused due to the numerous deadlines, not knowing when to comply with the requirements and which rules are to followed. These are the things that should be addressed for such act to be imposed properly and fulfill its main goal.




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By Alta Alexander


Countless of US residents may have already heard about Affordable Care Act. Obamacare is another term for it. Nevertheless, numerous employees do not have a clear idea how this can affect their health benefits.

Businesses that did not grant healthcare insurance previously may begin doing so. Nevertheless, other businesses may also stop offering it. The thing about this is that it is not that obvious to Americans how it can actually impact their health benefits positively. Public insurance marketplaces are avenues of health insurance providers which are operated either by the state or federal government. Small groups and small individuals can take advantage of the ACA employer mandate because they can avail of healthcare insurance. It will be less complicated for everyone to compare health insurance products.

Under this act, it is the responsibility of employers to provide health benefits to their employees. Majority of the time, organizations that do not offer heallth benefits to their employees are affected. New requirements on businesses are imposed. The rules took effect last January 1, 2015 for those businesses with fifty or more full-time equivalent and full-time employees. On the other hand, businesses with fifty to one hundred full-time equivalent and full-time employees that meet specific requirement will start following this on January 1, 2016.

Majority of the employers need to provide a group health plan coverage to at least ninety-five percent of their full-time employees. Otherwise, they will face possible penalty. Penalty may be imposed on employers offering insufficient coverage. To encourage small business owners to offer employee health benefits, they are offered reduced rates when it comes to the subsidized plans in the marketplace.

Employees with private policy which they have acquired for themselves or through their employers, it will not be necessary for them to do anything. Those unqualified for exemption like uninsured employees need to include paying their penalty along with their taxes.

Coverage should be provided by companies to their workers who work more than 30 hours per week. Such is applicable to workers working part-time at a company with 50 or more full time comparable as well as full time workers. This is still optional. Purchasing a plan from the marketplace costs less especially if the company they are working for is offering health benefits.

For legal business functions, third-party staffing agency may retain temporary including contract employees. The reason behind this is that these employees are technically employees of the agency. The mandates of Affordable Care Act must be followed by the staffing agency especially if there are eligible employees working full time. Qualified candidates will be given access by excellent agencies to take advantage of employee health benefits regardless if they are temporary, consultant or contract employees.

The scope including the complexity of this can certainly make employers confused. On top of that, they become even more confused due to the numerous deadlines, not knowing when to comply with the requirements and which rules are to followed. These are the things that should be addressed for such act to be imposed properly and fulfill its main goal.




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