The Affordable Care Act And Small Business

Author : Shane R. Lincoln
Publisher : Nova Science Publishers
ISBN 13 : 9781631178986
Total Pages : 0 pages
Book Rating : 4.89/5 ( download)

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Download or read book Small Business and the Affordable Care Act written by Shane R. Lincoln and published by Nova Science Publishers. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 13 : 9781631178993
Total Pages : 166 pages
Book Rating : 4.97/5 ( download)

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Download or read book Small Business and the Affordable Care Act written by Shane R. Lincoln and published by . This book was released on 2014-05-21 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Congressional Research Congressional Research Service
Publisher : CreateSpace
ISBN 13 : 9781507735954
Total Pages : 26 pages
Book Rating : 4.52/5 ( download)

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Download or read book The Affordable Care ACT and Small Business written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2015-01-15 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Tamara Thompson
Publisher : Greenhaven Publishing LLC
ISBN 13 : 0737776196
Total Pages : 130 pages
Book Rating : 4.95/5 ( download)

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Download or read book The Affordable Care Act written by Tamara Thompson and published by Greenhaven Publishing LLC. This book was released on 2014-12-02 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Patient Protection and Affordable Care Act (ACA) was designed to increase health insurance quality and affordability, lower the uninsured rate by expanding insurance coverage, and reduce the costs of healthcare overall. Along with sweeping change came sweeping criticisms and issues. This book explores the pros and cons of the Affordable Care Act, and explains who benefits from the ACA. Readers will learn how the economy is affected by the ACA, and the impact of the ACA rollout.

Author : United States. Congress. House. Committee on Small Business
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.5O/5 ( download)

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Download or read book The Health Care Law written by United States. Congress. House. Committee on Small Business and published by . This book was released on 2014 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Small Business. Subcommittee on Health and Technology
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.56/5 ( download)

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Download or read book Self-insurance and Health Benefits written by United States. Congress. House. Committee on Small Business. Subcommittee on Health and Technology and published by . This book was released on 2014 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : S. J. Olsen
Publisher : CreateSpace
ISBN 13 : 9781494862244
Total Pages : 76 pages
Book Rating : 4.47/5 ( download)

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Download or read book Affordable Care Act written by S. J. Olsen and published by CreateSpace. This book was released on 2014-01-01 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Learn what small businesses need to know and what to tell their employees about the Health Insurance Marketplace"--P. [4] of cover.

Author : Sean Lowry
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.52/5 ( download)

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Download or read book The Affordable Care Act and Small Business written by Sean Lowry and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : United States. Congress. House. Committee on Small Business. Subcommittee on Health and Technology
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.1J/5 ( download)

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Download or read book The Effects of the Health Law's Definitions of Full-time Employee on Small Businesses written by United States. Congress. House. Committee on Small Business. Subcommittee on Health and Technology and published by . This book was released on 2013 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Dr Ivan J. Salaberrios
Publisher : Pensiero Press
ISBN 13 : 9781732938212
Total Pages : 146 pages
Book Rating : 4.10/5 ( download)

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Download or read book The Affordable Care ACT Versus Small Business: Entrepreneurs Surviving ACA written by Dr Ivan J. Salaberrios and published by Pensiero Press. This book was released on 2019-01-17 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.