The Affordable Care ACT Versus Small Business: Entrepreneurs Surviving ACA PDF Download
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Author: Dr Ivan J. Salaberrios
Publisher: Pensiero Press
ISBN: 9781732938212
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
The Affordable Care Act (ACA) is arguably one of the most beneficial legacies of former U.S. President Barrack Obama. However, the Act presented hardships within the healthcare setting, as well as within the business setting. This text responds to the questions raised concerning whether ACA's good intent increased its adaptability in the healthcare and business professions to help advance the lives of Americans. As demonstrated herein, the ACA impacts both large and small businesses in their detached and work-related levels. The pertinent question is whether the increasing push by the Trump administration to have ACA repealed and replaced emanates from the interpretation and understanding by business. Worth noting is that the sources researched during the writing of this book suggest proprietors prefer the traditional method of healthcare coverage. However, different members of the U.S. Congress oppose and support the Act. The support and opposition to ACA seem to be along party lines, considering that majority Republicans oppose the Act while most Democrats support the Act. Changes are underway to repeal and replace ACA. Researchers indicated the Act affects small for-profit and non-profit organizations alike. This writing reveals how ACA massively impacts healthcare financial management. For instance, meeting the expanding consumer healthcare demand necessitates an increased rate of emerging ideas for universal healthcare. On this basis, this book includes recommendations of various strategies to help improve ACA rather than repealing the Act.
Author: Dr Ivan J. Salaberrios
Publisher: Pensiero Press
ISBN: 9781732938212
Category : Business & Economics
Languages : en
Pages : 146
Get Book Here
Book Description
The Affordable Care Act (ACA) is arguably one of the most beneficial legacies of former U.S. President Barrack Obama. However, the Act presented hardships within the healthcare setting, as well as within the business setting. This text responds to the questions raised concerning whether ACA's good intent increased its adaptability in the healthcare and business professions to help advance the lives of Americans. As demonstrated herein, the ACA impacts both large and small businesses in their detached and work-related levels. The pertinent question is whether the increasing push by the Trump administration to have ACA repealed and replaced emanates from the interpretation and understanding by business. Worth noting is that the sources researched during the writing of this book suggest proprietors prefer the traditional method of healthcare coverage. However, different members of the U.S. Congress oppose and support the Act. The support and opposition to ACA seem to be along party lines, considering that majority Republicans oppose the Act while most Democrats support the Act. Changes are underway to repeal and replace ACA. Researchers indicated the Act affects small for-profit and non-profit organizations alike. This writing reveals how ACA massively impacts healthcare financial management. For instance, meeting the expanding consumer healthcare demand necessitates an increased rate of emerging ideas for universal healthcare. On this basis, this book includes recommendations of various strategies to help improve ACA rather than repealing the Act.
Author: Congressional Research Congressional Research Service
Publisher: CreateSpace
ISBN: 9781507735954
Category :
Languages : en
Pages : 26
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Book Description
The Patient Protection and Affordable Care Act (ACA; P.L. 111-148 and P.L. 111-152) contains several provisions to encourage employer-sponsored health coverage, particularly among small businesses. The provisions that most directly relate to small businesses are (1) an employer penalty for not providing health insurance, (2) a tax credit to increase the affordability of health care for the smallest firms, and (3) small business health insurance exchanges designed to increase plan options and lower plan costs. Several events have altered the ACA's implementation since its enactment in 2010. Most notably, the Obama Administration delayed the implementation of the employer penalty and part of the small business health exchanges from 2014 to 2015 to allow more time for developing these provisions and allowing firms to come into compliance. Subsequently, the Administration suspended the penalty for employers with fewer than 100 full-time equivalent (FTE) employees for an additional year (until 2016). These delays have added to uncertainty over the potential effects of the ACA on small businesses. First, this report explains how employer-sponsored insurance can be used to address concerns about health insurance coverage and cost. Second, it summarizes the three ACA provisions most relevant to small businesses, listed above. Next, it analyzes these provisions for their potential effects on small businesses. Finally, this report presents several approaches that could address some concerns associated with these provisions (particularly the employer penalty). According to analysis of the most recent employer size and insurance coverage data, the ACA's employer penalty is structured so that it could exempt approximately 96.2% of employer firms simply because these firms would be too small and thus fall below the employer penalty threshold of 50 FTE employees. These exempt firms account for approximately 27.6% of all workers. After accounting for firms that already provide insurance, less than 1% of employer firms could be subject to the employer penalty. Although 72.4% of all employees work for firms that are large enough to be potentially subject to the penalty, only about 2.4% of employees work in firms that do not already offer health insurance. Less than 4% of small businesses that could have been eligible for the small business health care tax credit in 2010 actually claimed it. According to a report by the Government Accountability Office (GAO), many business owners felt that (1) the credit was too small of an incentive to begin offering insurance; (2) even if these small employers offered health insurance, some employees declined coverage because they could not afford their share of the premium; and (3) the rules were too complex. President Obama has proposed simplifying and expanding the credit.
Author: Shane R. Lincoln
Publisher: Nova Science Publishers
ISBN: 9781631178986
Category : Small business
Languages : en
Pages : 0
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Book Description
The Patient Protection and Affordable Care Act contains several provisions to encourage employer-sponsored health coverage, particularly among small businesses. The provisions that most directly relate to small businesses are, an employer penalty for not providing health insurance; a tax credit to increase the affordability of health care for the smallest firms; and small business health insurance exchanges designed to increase plan options and lower plan costs. First, this book explains how employer-sponsored insurance can be used to address concerns about health insurance coverage and cost. It summarises the three ACA provisions most relevant to small businesses, listed above, and analyses these provisions for their potential effects on small businesses. The book then presents several approaches that could address some concerns associated with these provisions (particularly the employer penalty).
Author: Shane R. Lincoln
Publisher:
ISBN: 9781631178993
Category : Electronic books
Languages : en
Pages : 166
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Book Description
The Patient Protection and Affordable Care Act contains several provisions to encourage employer-sponsored health coverage, particularly among small businesses. The provisions that most directly relate to small businesses are, an employer penalty for not providing health insurance; a tax credit to increase the affordability of health care for the smallest firms; and small business health insurance exchanges designed to increase plan options and lower plan costs. First, this book explains how employer-sponsored insurance can be used to address concerns about health insurance coverage and cost. It summarizes the three ACA provisions most relevant to small businesses, listed above, and analyzes these provisions for their potential effects on small businesses. The book then presents several approaches that could address some concerns associated with these provisions (particularly the employer penalty).
Author: Lisa Yagoda
Publisher: John Wiley & Sons
ISBN: 1118869397
Category : Health & Fitness
Languages : en
Pages : 106
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Book Description
An essential and easy-to-understand guide to the Affordable Care Act The Affordable Care Act For Dummies is your survival guide to understanding the changes in our health care system and how they benefit you. Written in down-to-earth language, this handy resource outlines new protections under the Affordable Care Act, and walks you through what you—as an individual or an employer—need to do to select the best health insurance plan for your needs. With this book, you get answers to your top questions about how the law applies to you. The folks that bring you the For Dummies line of useful, educational books have teamed up with AARP to give you a hands-on guide that offers insight into how to make the right decisions about health care and improve your quality of life. It is filled with examples, ideas, and information as well as useful takeaways to help you take full advantage of the reforms. Uncover the 10 essential benefits of the Affordable Health Care Act Receive guidance on what will improve if you already have insurance coverage If you don't have coverage, determine which insurance program is right for you and your family and whether you're eligible for financial assistance Find out what changes businesses large and small can anticipate Learn how to avoid scammers who are taking advantage of consumers' confusion Use this complete guide to get the facts about the Affordable Care Act, clear up any misconceptions you may have about the law, and prepare for the health care choices ahead.
Author: United States. Congress. Senate. Committee on Small Business and Entrepreneurship
Publisher:
ISBN:
Category : Employer-sponsored health insurance
Languages : en
Pages : 86
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Book Description
Author: Sean Lowry
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This report explains how employer-sponsored insurance can be used to address concerns about health insurance coverage and cost. Then, it summarizes the three ACA provisions most relevant to small businesses. Also, it analyzes these provisions for their potential effects on small businesses. Last, this report presents several approaches that could address some concerns associated with these provisions (particularly the employer penalty).
Author: Rita Dozal
Publisher: CreateSpace
ISBN: 9781497361089
Category :
Languages : en
Pages : 90
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Book Description
On March 14th, 2014, President Obama announced that the Affordable Care Act is working based on the 4.2 million people who had registered for health care. It is estimated that over 6 million people registered by the March 31st deadline. Individuals may be signing up for healthcare, but is your business ready? Have you evaluated options for a healthcare plan that can help you grow your business? Are you ready to report on your implementation? Do you understand how to minimize impact to profit? TIMBERLINE Solutions Group has developed a reasoned and systematic approach for considering the implications of the ACA for your business and your employees. TIMBERLINE has translated and organized over 20,000 pages of the ACA rules and documentation into our easy-to-understand and easy-to-use guide. "The TIMBERLINE guide is uncomplicated and well-organized -- everything a CEO needs to make good business decisions regarding the ACA." Richard Callahan, Chairman Cable Partners Europe LLC Indius Broadband Partners LLC "I can't tell you how much I appreciated your guidance in responding to the ACA. You knew all the answers and that is why this book is exactly what businesses need. As a busy entrepreneur, your help saved me hours of research and phone time...time that I was able to use building my business." Marianne M. Ballantine, CEO BALLANTINEEnvironmental Resources The ACA is too complex for the average company to fully comprehend. Even though we are a small company and not subject to many of the requirements, I knew there might be a pot of gold at the end of the rainbow. I engaged Timberline to help us and sure enough, they found that gold. With their help we will save a significant amount of money AND be able to provide better coverage for our employees. Avram Saunders President and CEO Lightening Eliminators
Author: Denecia A. Jones
Publisher: AbbottPress
ISBN: 1458210847
Category : Law
Languages : en
Pages : 108
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Book Description
The Simple Readers Guide to Understanding the Affordable Care Act (ACA) Health Care Reform seeks to help you understand: What is health care reform? Why is the Affordable Care Act (ACA) Health Care Reform here? What is the ACA, a.k.a Obama Care? What are things you must know about ACA? How will ACA affect your individual, family and group health insurance plans? How can you purchase health insurance after 2013? How does a small or large business become and remain compliant? What is happening to the US health care system? How will the reform affect hospitals, physicians, and patient care? What are the overall benefits and challenges of ACA? By writing The Simple Readers Guide to Understanding the Affordable Care Act (ACA) Health Care Reform, Denecia Jones has provided a tremendous public service to the millions of Americans whose lives are profoundly affected by the Affordable Care Act. Knowledge is power, and Ms. Jones is certainly providing power to the people. Wallace Ford, JD, professor in the School of Public Administration, Metropolitan College of New York
Author: Sean Lowry
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This report explains how employer-sponsored insurance can be used to address concerns about health insurance coverage and cost. Then, it summarizes the three ACA provisions most relevant to small businesses. Also, it analyzes these provisions for their potential effects on small businesses. Last, this report presents several approaches that could address some concerns associated with these provisions (particularly the employer penalty).
