• ACA Overview

The Affordable Care Act (ACA) was signed into law on March 23, 2010 and impacts many aspects of health coverage in this country. Keller’s legislative compliance team closely monitors continued developments of this complicated law and keeping our clients updated throughout the process.

Through individual and employer mandates, combined with increased access to health coverage, the ACA intends to cover as many individuals as possible. Major health care reforms that went into effect in 2014 include:

  • U.S. citizens and legal residents are required to have minimum essential coverage or may owe a penalty on their tax return; 
  • Larger employers must offer medical coverage to full-time employees or may owe penalties under the Employer Shared Responsibility (“play or pay”) provision, with enforcement starting in 2015; and 
  • The Health Insurance Marketplace opened for individuals and small employers to purchase coverage through online exchanges. 

Regulatory agencies continually issue detailed guidance on how each provision is to be implemented prior to taking effect. We assist clients with timely interpretation, design strategies, financial impacts and employee communications. Our goal is to keep you and your employees informed, and ensure compliance to avoid penalties.

Contact us about your benefit needs