Employer Guide & Glossary
ACA & THE EMPLOYER
The AFFORDABLE CARE ACT [ACA] is the comprehensive health care reform law enacted in the United States in 2010. Its primary goal is to make healthcare more affordable and accessible for Americans.
This online ACA GUIDE & GLOSSARY explains the statutory responsibilities of employers toward their employees as mandated by the ACA.
It also explains the annual reporting of ACA compliance required of employers by both the IRS and certain US states.
In summary, the ACA mandates that APPLICABLE LARGE EMPLOYERS offer MINIMUM ESSENTIAL COVERAGE health insurance to all their full-time employees and their dependents — and that this offer is both AFFORDABLE and meets MINIMUM VALUE.
- You’ll find the following terms, plus how to calculate FULL-TIME EMPLOYEE status for ACA compliance, all explained in this online ACA GUIDE & GLOSSARY.
- APPLICABLE LARGE EMPLOYER [ALE]
- MINIMUM ESSENTIAL COVERAGE [MEC]
- OFFER AFFORDABILITY
- MINIMUM VALUE [MV].
Please contact BENEFITSCAPE, the leading ACA specialist, if you have questions about any of the topics covered in this ACA GUIDE & GLOSSARY.
BENEFITSCAPE provides best-in-class ACA services & intelligent FLAG & FIX REGTECH DIAGNOSTICS to 1000s of employers of all sizes, in all sectors, and on all major HCMs.