The Patient Protection and Affordable Care Act (PPACA), or the Affordable Care Act (ACA) is a United States federal statute enacted by Congress and signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act of 2010 amendment, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.
The Affordable Care Act includes requirements for employers regarding heath care coverage. The size and structure of your workforce determines your responsibility. Companies with 50 or more full-time employees, including full-time equivalent employees have annual reporting responsibilities concerning whether and what health insurance they offered to their full-time employees (and their dependents).
Companies that meet this threshold are referred to as an Applicable Large Employers (ALE). All applicable large employers must offer affordable health insurance for their employees and must file necessary paperwork to the Federal Government each year. When you partner with HR Screening Services, we’ll will keep your company in compliance and track the entire process for you. We’ll submit the necessary year end paperwork on your behalf so you don’t have to.
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