A Brief Note On The Affordable Care Act

1179 WordsAug 13, 20155 Pages
The Affordable Care Act was a result of the rising cost of health care, lack of access for health care and a need to creating competition and increase quality of care. The Patient Protection and Affordable Care Act was designed to provide health coverage for all Americans, eliminate pre-existing, provide coverage for children until the age of 26, all health insurance companies must utilize plain language and easy-to-understand summary of benefits, curb insurance cancellations, allow for appeals of health plans, band most coverage limits , increase access to preventive care and creates extended access to out-of-network emergency services and physician selection while decreasing the cost of health coverage (LAMBERT, 2012). Health care…show more content…
The Patient Protection and Affordable Care Act signed into law on March 23, 2010 by President Obama. However The Affordable Care Act enacted in March 2010 was designed to provide more than 30 million uninsured Americans with health care coverage (Sparer, 2011). The Affordable Care Act (ACA) set forth the strategy to ensure everyone had access to healthcare regardless of their income level. This pushed employers to provide insurance for employees, eliminate pre-existing conditions, provide a government subsidy for premium cost, and allowed children to remain on their parents insurance until the age of 26 (“Affordable Care Act|Medicaid.gov,” n.d.). However, the requirements surrounding the employer health coverage has not been easy to understand and has created a lot of miscommunication regarding full-time, part-time and part-time-as-needed hours and the requirement for health coverage. The Internal Revenue Service released tax code Section 49880H on December 28, 2013 detailing the requirements starting 2014 with the ACA for all full-time and/or full-time equivalent employee (employees working 30 hrs per week or 130 hrs per calendar month) to be offered a minimum level of affordable health coverage or pay a penalty (IRS Releases Proposed ACA…Responsibility, 2013). In addition, the detail regarding calculation
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