In 2010, the Patient Protection and Affordable Care Act (ACA) was signed into law, introducing a whole new set of guidelines, rules and fines for employers implementing health care benefit programs. In 2017, a new administration entered the White House and has focused on overhauling the ACA. Since the law was enacted in 2010, it has continued to evolve and be debated, resulting in a seemingly endless number of regulatory and compliance complications.
ACA passed, lifetime limits removed, coverage to age 26, no limits on pre-existing conditions
Employers start distributing summary of benefits and reporting health coverage on W2s
Medicare Part D subsidy to employer no longer tax free
Individual and employer mandates go into effect
President Donald Trump issues Executive Order
AHCA legislation passes in the house and moves to the senate for additional debate
Until any new legislation is signed into law, the ACA remains for the foreseeable future
Health care legislation will continue to be discussed and debated for the foreseeable future. Until any new legislation is passed, the ACA is the law. Your organization should continue operating your benefit plans in compliance with the ACA. Failure to do so may result in penalties for your organization and confusion and uncertainty among your employees.
Get the complete guide to see other potential challenges your organization may face with your current approach to health care benefits administration.Download the ebook