aca overview

The Affordable Care Act (ACA) is the final version of healthcare reform legislation passed by Congress and signed into law on March 23, 2010 by President Obama. Some of these regulations took effect immediately, while others are still being rolled out in phases over the next few years.

Individuals and businesses share responsibility with the government for making insurance more accessible for all. For example, the ACA requires employers with 50 or more full-time equivalent (FTE) employees to offer minimum essential coverage at an affordable price or pay an IRS tax penalty.

Blue Cross of Idaho has prepared resource guides for large and small businesses, as the ACA affects them differently. Moreover, it is expected that in 2016 employers with 50 to 100 FTEs may be reclassified as small groups and different rules will apply.

Please select the Resource Guides tab for more information, including a timeline of compliance requirements for both large and small businesses. In addition, the Action Alerts will provide more detailed instructions on specific compliance issues, such as IRS financial reporting, group size recalculations, out-of-pocket maximums for health savings accounts, and more.