icon showing ACA, standing for Affordable Care Act
Federally Mandated Notices for Employees
A Few Key Provisions of ACA
  • Requires most U.S. citizens and legal residents to have healthcare insurance or be taxed (or fined) by the IRS. This rule is known as the "individual mandate".

  • Mandates that full-time employees (those who average 30 hours per week during a 1 year "measurement period" or who begin their employment in a 30 hour qualifying position) are provided healthcare by their employer. If their employer does not provide this insurance, they must pay a fine to the federal government.

  • Requires healthcare "exchanges" (also known as the "marketplace") to be created in each state. These "exchanges" are places where individuals, families, and small businesses can purchase healthcare coverage. Depending on an individual's situation, he/she may be able to qualify for a "subsidy" or "tax credit" (i.e. a lower price for the insurance coverage, with the overage being paid for by the government).

  • Provides expanded coverage for seniors (age 65) and low-income individuals and families through Medicare and Medicaid programs.

  • Individuals with pre-existing conditions will not be denied healthcare coverage.

  • Children will be able to stay on their parents' insurance until age 26.

Summaries and Full Text of ACA:

The "Patient Protection and Affordable Care Act", commonly called the "Affordable Care Act" (ACA) or "Obamacare", is a federal statute that was signed into law by President Barack Obama in 2010.

The act is aimed at:
  • Increasing the overall rate of health insurance coverage for Americans.
  • Reducing the overall cost of health care.

It provides a number of mechanisms (including mandates, subsidies, and tax credits) to employers and individuals to increase the overall coverage rate in the United States.