ACA (Affordable Care Act)

ACA (Affordable Care Act)

The Affordable Care Act (ACA), passed in 2010, is a landmark healthcare reform in the United States aimed at making healthcare accessible and affordable to more Americans.

Under the ACA, large employers (typically with 50 or more full-time employees) are required to offer affordable health insurance to employees and report this coverage to the IRS.

The ACA also prohibits insurers from denying coverage based on pre-existing conditions and expands benefits for preventive care.

Employers must track employee hours and coverage, file specific IRS forms (such as 1094-C and 1095-C), and ensure that health plans offered meet minimum essential coverage standards to avoid potential penalties. Compliance with the ACA is critical for employers to avoid penalties and contribute to employees’ access to quality healthcare.

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