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What is the Affordable Care Act (ACA)?

PeopleKeep

Before 2010, securing health insurance coverage as an individual in the U.S. million Americans without health insurance 1. These complications impacted the individual market, as well as employers who were considering offering health benefits at their organizations. was challenging.

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Funding Employer-Sponsored Group Health Coverage: The Group Captive Solution

McDermott Will & Emery Employee Benefits

The enactment of the Affordable Care Act in 2010 led to a sharp increase in employers self-funding their group health insurance plans, with the market tripling in size in the decade that followed.

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What is Form 1095?

PeopleKeep

When Congress passed the Affordable Care Act (ACA) in 2010, it created new reporting requirements for health insurance. One of these responsibilities for employers and insurers is completing Form 1095 to detail the health insurance coverage they provide to employees.

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The Affordable Care Act tax forms you need to fill out

PeopleKeep

The federal government enacted the Affordable Care Act (ACA) in 2010 to make health insurance more cost-effective and accessible for Americans. The ACA applies to citizens of all states, and individuals and their families in every state have the ability to enroll in a Marketplace policy that offers essential health coverage.

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ICHRA 101: The basics and why they might be right for you

WEX Inc.

Individual Coverage Health Reimbursement Arrangements (ICHRAs) were rolled out prior to COVID-19 striking the United States, but the demand for this new product is expected to skyrocket, as more and more employers look for ways to bring stability to their healthcare costs. How does an ICHRA work? What are the employee classes?

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Affordable Care Act: Good Data Practices Can Lead to Better Compliance

HR Bartender

This was a provision in the ACA that allowed the Internal Revenue Service (IRS) to waive employer penalty assessments if the employer was able to provide legitimate reasons for missing an ACA compliance requirement. It was intended to help employers during the introduction of the ACA. Well, let’s do a quick refresher on the ACA.

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May HR Update

Higginbotham

FAQs Provide Guidance on Preventive Care Following Court Decision The ACA requires non-grandfathered health plans and health insurance issuers to cover a set of recommended preventive services without imposing cost-sharing requirements (such as deductibles, copayments or coinsurance) when the services are provided by in-network providers.