ACA in 2014 Archives - Stratus.hr®

What Employers Should Know about the Individual Mandate

Beginning January 1, 2014, new Health Reform┬álegislation (PPACA) requires that all US Citizens have Minimum Essential health insurance, qualify for an exception, or pay a tax penalty. The majority of Americans already have coverage that meets affordability and minimum value standards, but most individuals who are not currently covered on any plan will have the obligation to obtain coverage or…

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Marketplaces Open October 1st

Under the Affordable Care Act (ACA), Health Insurance Marketplaces (formerly referred to as Exchanges) are places where individuals and small businesses can go to shop for insurance plans and compare those plans based on value, affordability and market standards. The intention of the Marketplaces is to make shopping for health insurance as easy as shopping online through a site like…

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Employee Communications & Required Notices

There are two main pieces of communication that employers must share with their employees under the Affordable Care Act (ACA). The qualifications, requirements and timelines are listed below for each. But don’t worry; ISIhr will take care of these requirements for all applicable clients and employees. ISIhr is your ACA compliance expert. Health Insurance Marketplace (Exchange) Notifications The ACA requires…

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