Its impacts have been vast and wide. One of the most significant impacts of the landmark legislation is the upward trajectory of premiums, deductibles, and out-of-pocket costs, especially with plans sold on the health insurance exchanges. At the end of last year, the Robert Wood Johnson Foundation released a report showing that the costs of premiums were expected to jump indriven by those plans being sold on the exchanges. The Gold Plans will be hit the hardest with a
Lindley and Matthew R. Sebeliusand the majority of the law remains intact. But how does the Act define these terms? Are there any other potential pitfalls to consider?
How are temporary employees taken into account? Both the Internal Revenue Service and the Department of Labor have issued regulations over the last few years, attempting to answer these important questions.
Therefore, it is imperative that employers are mindful of the following as they prepare for January Additionally, there is an exception to the 50 full-time employee requirement. The company employs 40 full-time employees during all of However, the company also employs 80 seasonal full-time employees from May through August Therefore, the company has 40 full-time employees for 8 months and full-time employees for 4 months, resulting in an average of 66 full-time employees.
Thus, the company is not a large employer for For determining large employers, all members of tax controlled groups i. Thus, employers cannot circumvent the ACA requirements by simply creating new companies.
When determining liability for a penalty, however, each member of a tax control group is treated as a separate entity. For andA Corp.
For every calendar month inA Corp. Because together there are more than 50 full-time employees, A Corp. Any penalties would be limited to each separate entity.
The stability period must be at least 6 months and cannot be shorter than the chosen measuring period. Full-Time Equivalents Part-time employees i. An employer takes the total number of hours worked in a month by part-time employees and divides that total byyielding the total number of full-time equivalent employees for the month.
Thus, the total number of hours per month worked by part-time employees is 1, 20 x Dividing byB Corp.by Geoffrey A.
Lindley and Matthew R. Courtner. In , the United States Congress passed—and President Obama signed into law—the Patient Protection and Affordable Care .
Patient Protection and Affordable Care Act The first part of the comprehensive health care reform law enacted on March 23, The law was amended by the Health Care and Education Reconciliation Act on March 30, The Patient Protection and Affordable Care Act (ACA) has revolutionized the health insurance industry in a number of ways.
Its impacts have been vast and wide. One of the most significant impacts. Could ‘Dental Therapy’ Improve Health Care, Cut Costs in Ohio? Could ‘Dental Therapy’ Improve Health Care, Cut Costs in Ohio? By APRIL LAISSLE • MAR 26, More than half of Ohio counties don’t have enough dentists for the population.
Impacts of the Affordable Care Act The Affordable Care Act (ACA), also known as, “Obamacare” or the Health Care Law, was signed by President Obama on March 23, This law contains heath insurance reforms, introduced over the course of many years, most taking place by The Affordable Care Act of (ACA) is projected to expand health insurance coverage to an estimated 30 million to 34 million people.