What is the Affordable Care Act?

The Affordable Care Act (also known as Obama Care) is a set of health insurance reforms that started in 2010. The Affordable Care Act includes a variety of provisions that reform the insurance market and encourage small businesses to offer health insurance. Depending on whether you are self-employed, an employer with fewer than 25 employees, an employer with fewer than 50 employees, or an employer with 50 or more employees, different requirements of the Affordable Care Act may apply to you. Learn about the key requirements of the Affordable Care Act based on the size of your business below.
 

How does the Executive Order signed by President Trump impact the Affordable Care Act? 

On January 20, 2017, President Trump signed an Executive Order, which delegates authority to the Secretary of Health and Human Services and the heads all other executive department and agencies, such as the IRS, to utilize their authority to "minimize the unwarranted economic and regulatory burdens of the Act". 

So what does this mean? For starters, Executive Orders are a formal announcement, allowing the president to communicate a message across multiple executive branches. This specific Executive Order places a "freeze" on any pending legislation relating to the ACA, allowing further review by responsible agencies. It does not however, repeal the Affordable Care Act. All mandates continue to be in effect, until further guidance is issued stating otherwise. 

Provision Timeline

Numerous provisions have surfaced from the Affordable Care Act (ACA), since being signed into law in 2010. Learn how these now active and upcoming provisions impact you.

2011 

Small Business Tax Credits

2012

Health Plan Reporting on Forms W-2 

2013

2014

2015 

 

2020

Resources for Employers

 

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