The Patient Protection and Affordable Care Act (P.L 111-148, enacted March 23, 2010)—also known as “PPACA,” the “ACA” and “Obamacare,”—is the most far-reaching piece of employee benefits legislation in the last 40 years. With over 20,000 pages of proposed and final regulations, and other guidance, the ACA will profoundly affect how Americans purchase health insurance and health services for years to come. More specifically, the ACA is already profoundly affecting our employment-based system of health coverage.
For all employers, the ACA’s market reforms have changed the core insurance provisions for group health coverage, as well as significantly affecting costs in the marketplace. For employers with 50 or more full time equivalent employees, the ACA has instituted substantial new requirements regarding whom they must cover, what that coverage must provide and how much it may cost the employee. Moreover, the ACA has implemented tracking and reporting requirements with respect to health coverage that rival the IRS’s form 5500 in length. Finally, for many employers, ACA requirements signify a substantial threat to the bottom line. These employers are confronted with the Hobson’s choice of deciding whether to offer coverage to employees whose employment terms have not historically included coverage, or pay penalties for failing to offer that coverage.
With all of this in mind, ACA Essentials focuses on the pieces of the ACA that specifically apply to and affect employers, and offers employers clear information about how the ACA works, how it can affect them, and what they can do to survive and thrive in the post-ACA world. ACA Essentials: The employer’s field guide includes:
- How to comply with ACA reporting requirements
- How to determine your organization’s deadline for complying with the Pay-or-Play provisions
- How to navigate the Pay-or-Play rules
- How to calculate your organization’s small employer tax credit
- How to determine whether your organization must comply with the Employer Mandate
- How to determine how many full-time equivalent employees are in your organization
- How to talk to employees about the ACA