Posts Tagged ACA
Employers curious about how the Patient Protection and Affordable Care Act (PPACA) is likely to be enforced might look at how enforcement agencies in Massachusetts went after companies when its employer mandate was in place.
Last updated February 11, 2014
Below is the article posted in July 2013, regarding the inital employer mandate delay.
Just a few days after the federal government delayed online enrollment in federally run Small Business Health Options Program (SHOP) marketplaces, California announced better news for small businesses that want to buy health insurance.
- Costs more than 9.5 percent of the employee's W-2 wages, or
- Doesn’t cover an average of 60 percent of the employee's medical expenses.
U.S. employers expect their health benefit cost per employee to rise by 4.8 percent, on average, in 2014, according to a survey by consultancy Mercer. Cost growth slowed to 4.1 percent in 2012, a 15-year low. The projected increase for 2014, while still relatively low, represents a slight uptick.
Employers struggling with the application of the Patient Protection and Affordable Care Act (ACA) received welcome relief in July 2013 when the Treasury announced a one-year delay on implementation of the "pay or play" mandate. This mandate would have required most employers with the equivalent of at least 50 full-time employees to provide affordable, minimum value health insurance coverage to their full-time employees by Jan. 1, 2014, or pay penalties.
As open-enrollment season approaches, HR professionals have a few choices when it comes to relaying information about health care reform to employees, who will be hearing about the new government-run insurance exchanges that open for business in October 2013, complete with (for many) federally subsidized coverage.
U.S. employers were again surprised by another unexpected suspension of a provision of the Patient Protection and Affordable Care Act (PPACA or ACA) when, on Sept. 11, 2013, the Department of Labor (DOL) announced there will be no penalty imposed on employers that fail to distribute to workers a notice about available coverage under state- and federal-government-run health insurance exchanges (collectively referred to by the government as the "health insurance marketplace"), scheduled to launch in October 2013.
A large number of American workers remain unaware of, confused about and unprepared for looming changes to their benefits coverage, according to the 2013 Open Enrollment Survey of 2,001 U.S. consumers, conducted in August 2013 for Aflac, a provider of voluntary insurance benefits.
On Sept. 5, 2013, the U.S. Department of the Treasury and the Internal Revenue Service issued two proposed rules intended to streamline the information-reporting requirements for certain employers and insurers under the Patient Protection and Affordable Care Act (PPACA or ACA).