Essay on A Brief Note On The Affordable Care Act

1106 Words Oct 12th, 2015 5 Pages
The Affordable Care Act is relevant for large employers with 50 or more full-time employees. Reporting health insurance information for 2014 to the government was only voluntarily given, but times are changing and this also includes how the information is being reported on behalf of employees’ health coverage, or in some cases shine a light on employers that do not offer coverage (IRS, 2015). The employers must report to the IRS and provide detailed information regarding the health coverage being provided to their full-time employees, several companies see no problem having the government look through their documents while others strongly disagree. Starting on January 1, 2015, the employer mandate became effective for organizations with 100 or more full-time equivalent employees working an average of at least 30 hours per week. Under the ACA, these employers must offer full-time employees and their dependents affordable health care coverage or be subject to penalties. Small companies with 50 to 99 full time employees must initiate health care insure by January 1, 2016 (SHRM, 2015). ACA defines a small employer as having no more than 100 employees, however, as of 2016 the ACA is amending the definition to only 50 employees. Due to the law, if your company employs fewer than 100, the organization will have to purchase health coverage within the small group market. Large group plans as well as self-insured or small group plans including all grandfathered plans, they are all…

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