As many business owners are aware, the employer mandate that requires medium and large businesses to supply employee benefits to their workers has been pushed back not once, but twice – this time to 2016. What entrepreneurs may be less cognizant of are the finer details for this portion of the Patient Protection and Affordable Care Act.
In a bulletin, the Centers for Medicare and Medicaid Services announced that people who already have health plans in place will not have to change their policies so they conform with the ACA health law provisions until 2016.
Just when business owners who offer insurance benefits believed the final Affordable Care Act delay would occur – as the employer mandate was put off until 2016 just recently – another postponement may be in the works.
Several months after President Barack Obama issued a postponement of the employer mandate, allowing companies to put off adjusting their employee benefits for another year, the commander-in-chief considered scrapping the Patient Protection and Affordable Care Act altogether due to the flawed rollout, according to a new report.
A new poll indicates that health care providers have decidedly mixed feelings on the Affordable Care Act and whether they think it will be a favorable development for the industry and Americans over the long run.
One of the advantages of employee benefits is that the cost of premiums comes directly out of a worker’s wages. Those that opt to buy coverage on their own must pay their own way.
Business owners who offer employee benefits typically do so not only to provide for their workers, but also as a way to recruit top-tier to talent to their businesses. And, while most entrepreneurs are optimistic about their ability to grow in the coming years, it’s not something that comes especially easily, according to new polling data.
The Patient Protection and Affordable Care Act is fairly unique, in that not only does it require consumers to obtain health coverage – either through employee benefits or on their own – but the tenets of the law went into effect on a staggered basis.
On the heels of another health care law postponement, relinquishing medium-sized company owners from having to supply employee benefits to their workers until 2016 at the earliest, the government has released the latest number totals on how many people have enrolled in a qualified health plan since October.
Employee benefit offerings and private insurance policies have helped to lower the nation’s uninsured rate, based on newly released polling information.
