The Affordable Care Act (ACA) is a comprehensive healthcare reform law enacted in 2010 in the United States, aimed at expanding access to health insurance, improving care quality, and reducing costs, with implications for employer-provided health plans.
- What is the Affordable Care Act (ACA)?
Answer: It is a 2010 U.S. law designed to expand health insurance access, improve care quality, and reduce costs. - What are the employer responsibilities under the ACA?
Answer: Employers with 50 or more full-time employees must offer affordable health insurance or face penalties. - How does the ACA affect employee benefits?
Answer: It mandates coverage for essential health benefits and prohibits denying coverage based on pre-existing conditions. - What is the employer mandate under the ACA?
Answer: It requires applicable large employers to provide health insurance to at least 95% of full-time employees. - What are the penalties for non-compliance with the ACA?
Answer: Penalties include fines based on the number of uninsured full-time employees.
