HOW THE AFFORDABLE CARE ACT AFFECTS YOU AND YOUR EMPLOYEES

摘要

THE AFFORDABLE CARE ACT (ACA) also known as "Obamacare," has generated a lot of uncertainties for individuals and businesses alike regarding who falls under the mandate, what the requirements are for coverage, and what the penalties are for not havingcoverage.As of 2014, the ACA required all U.S. citizens to carry health insurance. And in 2016, business owners with 50 full-time employees or more, also known as Applicable Large Employers (ALE), also have fallen under the jurisdiction of the law and are required to provide health insurance to at least 95% of their employees or be subject to a fine.