ACA Postponed?

Jul 17, 2013 Categories: ACA Group Insurance Individual Insurance

You probably have some questions about what is happening to the Affordable Care Act (ACA) often referred to as Obamacare.  There has been a great deal of misinformation floating around social media, the mainstream media, and web.  AUI wants to give you a quick summary of what we know about the ACA delay:

For Businesses:

     -  Fines and reporting requirements for businesses with more than fifty employees have been put on hold for one year.  

     -  All other requirements are still in effect for January 1, 2014 at the time of this post.

For Individuals:

     -  Most Americans must have health insurance beginning January 1, 2014.  This coverage can be from your employer or on your own.

     -  Premium assistance may be available from the federal government if you financially qualify starting January 1, 2014.

     -  Open enrollment for the federal exchange is scheduled to begin on October 1, 2013 for policies dated January 1, 2014.

As you can see, only one small part of the law has been postponed.  The majority of the law is still scheduled to go into effect on January 1, 2014.  If you have more questions about how the law impacts you or your business, contact an AUI expert.  

We will continue to keep you updated on changes to ACA here on the blog.

Thank you for reading! 

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AUI works hard to present clients with the best, most flexible ways to access the health care system, maximize quality of care and minimize cost. As your business grows, you'll see many changes. Some will be exciting, like expanding into new markets or opening branch offices. Others may be more challenging, such as a poor economy or increased competition. We understand. We've been there for others facing similar challenges. We'll be there for you. We're the one group with the experience, expertise and staff to handle all your employee benefits and insurance needs. Today, and in the future.

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2876 South Arlington Rd.
Akron, Ohio 44312

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