Note: This blog is by Jeanne Lambrew, Deputy Assistant to the President for Health Policy and first appeared at WhiteHouse.gov on September 25, 2013. At the center of the Affordable Care Act is the premise that we need to make health care more affordable and accessible for more Americans, and a new report released today demonstrates just how affordable insurance will be. The report, released by the Department of Health and Human Services (HHS), finds that in state after state, affordable options will be available through the Health Insurance...
As a business owner, it's important to understand how the Affordable Care Act may affect your business. However, with so many misconceptions about how the Affordable Care Act works, this can be difficult. As part of our ongoing blog series, "Myth vs. Fact: The Affordable Care Act and Small Business," this week we're debunking another common myth: Business owners will be fined if they don't provide notification to their employees about the new Health Insurance Marketplace. Fact: If your company is covered by the...
SBA and Cover Oregon have teamed up to host a series of Google+ Hangouts on the Affordable Care Act. The final Hangout on Tuesday, September 17 will cover what small businesses need to know about Oregon’s Marketplace, Cover Oregon, and how they will access coverage through the web portal – www.coveroregon.com Cover Oregon will address specific small business needs including: Requesting real-time carrier quotes including available plans and rates An employer’s process to search for and select a medical plan and...
Under the provisions of the Affordable Care Act, those employers that are subject to the Employer Shared Responsibility provisions must report certain information regarding the health coverage they offer their full-time employees (known as Section 6056 reporting). The law also requires information reporting by insurers, self-insuring employers, and other parties like governmental entities that provide health coverage to individuals (Section 6055 reporting). These reporting provisions take effect on January 1, 2015, and the first...
Under the Affordable Care Act, the government, insurers, employers, and individuals share in the responsibility to improve the availability, quality, and affordability of health insurance coverage. The individual shared responsibility provision is a key part of helping to deliver the law’s consumer protections at an affordable cost. It makes these protections possible by ensuring that individuals do not just wait to purchase insurance when they are sick and drop coverage when they are well, which drives up premiums for everyone....
Not sure how the health care law may impact your business in Oregon? SBA and Cover Oregon are teaming up to bring you three Google+ Hangouts that will dive into specific topics of the Affordable Care Act like the Marketplace and the small business tax credit. In case you missed it, the first Hangout discussed what businesses need to know about the new Health Care Marketplace in Oregon, Cover Oregon. The second Hangout on August 27 will cover what businesses need to know about the small business tax...
NOTE: This blog is by Ari Matusiak, special assistant to the President & director of private sector engagement and first appeared at Whitehouse.gov on August 14, 2013. Small businesses are the backbone of our economy, and for the 28 million small employers across the country, healthcare is a major concern. The Affordable Care Act provides benefits and opportunities to small businesses that will help increase access to affordable coverage options. Here are five key ways the Affordable Care Act can benefit small employers and their...
NOTE: This blog is by Kathleen Sebelius, Secretary of Health and Human Services and first appeared at HHS.gov/HealthCare on August 5. This blog includes information about the new call center specifically to serve small businesses with 50 or fewer employees interested in the SHOP Marketplace. For more information, call 1-800-706-7893 (TTY users: 1-800-706-7915) from Monday through Friday, 9 a.m. to 5 p.m. EST. The Department of Health and Human Services (HHS) is working every day to implement the health care law...
Not sure how the health care law may impact your business in Oregon? SBA and Cover Oregon are teaming up to bring you three Google+ Hangouts that will dive into specific topics of the Affordable Care Act like the Marketplace and the small business tax credit. The first Hangout kicks off on August 13th and will cover what businesses need to know about the Marketplace, also known as Cover Oregon. Through Cover Oregon, employers and individuals will be able to shop for health insurance plans. Oregon is among the 17 states and the District...
Affordable health care is a top concern for America’s 28 million small businesses. During my travels, I’ve had a number of small business owners across the country tell me that the moment they really felt their business was a success was the day they were able to offer health insurance to their employees. But we know that many small business owners may still be wondering when that day will be and what the Affordable Care Act can do to help. Depending on the size of your business, different provisions of the...
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This blog is provided for informational purposes only and is not intended as legal or tax advice. Readers should consult their legal or tax professionals to discuss how these matters relate to their individual business circumstances.
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