The Affordable Care Act (ACT) is a United States health care reform act that allows for business owners and their employees to benefit from new opportunities and take on some new responsibilities as well.

 

The bill provides incentives to help make offering health insurance coverage to workers easier and, in some cases, more affordable.

 

ObamaCare helps employers by setting nationwide standards for benefits and consumer protections that had already been required or commonplace in the Commonwealth.

 

The official ObamaCare enrollment period ended on March 31, 2014. Important Notice: Its urgent, to avoid future fines and penalties, to sign up for health insurance under the Affordable Health Care Act.

 

Alabama Individuals & Families: Find out the most cost efficient healthcare insurance for you.

 

 

What you need to know

 

Businesses with 50 or fewer full-time equivalent (FTE) employees can use the Small Business Health Options Program (SHOP) to offer coverage to their employees.

 

Through SHOP you control the coverage you offer and how much you pay toward premium costs.

 

* Employers of this size don’t face a penalty for not offering health coverage.

 

Employer Rights

 

  • Employers cannot be charged more because they have more women employees or they have employees with many health problems.
  • Employers can also not be denied coverage for themselves and their employees due to a pre-existing condition.

 

The amount of employees you have can also cause changes in the plan options available to you.

 

If you have fewer than 25 full-time equivalent employees making an average of about $50,000 a year or less, you may qualify for a small business health care tax credit.

 

If you have more than 50 employees, you may face payments in 2015. This applies only to employers with 50 or more full-time equivalent (FTE) employees that don’t offer coverage or whose coverage doesn’t meet certain minimum standards.

 

Employers and their Employees

 

If your company is covered by the Fair Labor Standards Act, then you are required to offer your employees information regarding the following topics:

 

  • Details on the Health Insurance Marketplace.
  • That, depending on any coverage you offer, they can qualify for lower costs on private insurance in the Marketplace based on income.
  • That if they buy insurance through the Marketplace, they may lose the employer contribution (if any) to their health benefits.

 

Help

 

If you are an employer or employee with questions please call:

 

1-800-706-7893
TTY: 1-800-706-7915

Available Monday through Friday, 9 a.m. to 7 p.m. EST.

 

ObamaCare By State