Health Care Reform
Washington Hospitality Healthcare Solutions Hospitality Health Insurance Trust – Click to connect to consulting and advisory network. When benefit plans are well designed, they become a powerful tool
The health care reform measure that was signed into law in 2010 contributed dozens of new buzz-phrases to the vernacular of health care, including employer mandate, individual mandate, Cadillac plans, and full-time equivalents (FTEs).
The ACA Employer Mandate / Employer Penalty, originally set to begin in 2014, was delayed until 2015 / 2016. ObamaCare’s “employer mandate” is a requirement that all businesses with 50 or more full-time equivalent employees (FTE) provide health insurance to at least 95% of their full-time employees and dependents up to age 26, or pay a fee. ($2,000 per employee)
Restaurants and other small businesses scored a major victory Thursday when the Senate followed the House’s lead and passed the Protecting Affordable Coverage for Employees (PACE) Act.
Friday’s Supreme Court decision upholding a major element of the Affordable Care Act ensures that the ACA remains the law of the land — but it doesn’t take away from the need for Congress to make reasonable, common-sense changes to the law, the National Restaurant Association said.
With the Affordable Care Act’s individual mandate in effect, nearly all Americans are required to purchase health insurance or face a possible tax penalty. More people are turning to “exchanges,” also known as marketplaces, to buy plans.