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Tag Archive for: Coronavirus

ACA is Here to Stay

November 20, 2022/in ACA Compliance

The Affordable Care Act, also known as Obamacare, was one of the biggest healthcare overhauls in recent history. It aimed to provide affordable health insurance coverage for all Americans. After several failed attempts to repeal the act, it seems that ACA is here to stay. 

In this blog post, we will take a closer look at what this means for American taxpayers and businesses.

What Is the Affordable Care Act (ACA)?

The Affordable Care Act was passed in 2010 and since then it has been under constant threat of repeal. The law required all Americans to have health insurance coverage or face a tax penalty. It also expanded Medicaid coverage and provided subsidies to help people afford private health insurance plans.

In 2017, Republican lawmakers attempted to repeal the Affordable Care Act but were unsuccessful. This led to a lot of uncertainty about the future of the law. However, it now seems that ACA is here to stay, at least for the time being.

What Does this Mean for American Taxpayers?

For starters, it means that the tax credits and subsidies that help people afford their health insurance coverage are still in place. It also means that the Medicaid expansion, which has provided coverage for millions of low-income Americans, is still in effect.

Taxpayers will continue to be responsible for funding the ACA. This includes the subsidies that help people pay for health insurance and the Medicaid expansion. The good news is that, because the ACA is no longer being repealed, there will be no need for major changes to the tax code.

What Does this Mean for Businesses?

The Affordable Care Act requires businesses with 50 or more employees to provide health insurance coverage for their workers. This requirement is still in place, so businesses will need to continue to comply with it.

There may be some changes to the way this is done in the future. For example, the government may provide more subsidies to help businesses cover the cost of health insurance. 

Overall, the news that ACA is here to stay is good news for American taxpayers and businesses. It provides stability and certainty in an uncertain time.

Final Thoughts

The Affordable Care Act has provided many benefits, including increased access to healthcare, lower costs for prescription drugs, and free preventive care services. These benefits are worth billions of dollars each year and help to improve the lives of millions of Americans.

There is still some uncertainty about the future of the Affordable Care Act, but for now, it seems that the law is here to stay. This is good news for American taxpayers and businesses who have benefited from the law’s many provisions.

If you’re interested in learning more about the ACA, read our articles on the advantages of the ACA and  what business owners should know about ACA benefits. 

https://www.sbmabenefits.com/wp-content/uploads/2022/11/iStock-1141247654.jpg 1414 2121 Nathan Ines https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Nathan Ines2022-11-20 08:00:452022-11-18 09:30:25ACA is Here to Stay

Why is Health Insurance Important?

August 22, 2021/in ACA Compliance, Healthy Living, MEC

Illness is never something you expect or plan to happen. It can come out of nowhere, and cause financial stress when you don’t have access to the right financial support. Even with a healthy lifestyle, you may need medical care sometime in your life. Be proactive about your health insurance, and make sure you’re covered before you get sick .Prepare, financial backup just in case to make sure you are covered.

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Why You Should Still Use Telehealth Post Pandemic

August 15, 2021/in COVID-19, Telehealth

Participating in telehealth visits gives you the opportunity to visit a healthcare professional with more convenience. You’re able to speak with your doctor from the comfort of your own home, with more flexibility. Attending these appointments cuts the time it takes to get ready, drive to the office, check in, wait in the waiting room, and then wait in the patient room.

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https://www.sbmabenefits.com/wp-content/uploads/2021/08/Copy-of-Template-3-white-circle-blue-text-background-image-blue-overlay-10.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-08-15 08:48:002021-11-30 16:40:03Why You Should Still Use Telehealth Post Pandemic

Why You Should Encourage Preventative Care in Your Employee Workforce

August 1, 2021/in Employee Engagement, Employee Retention, Healthy Living, MEC, Personal

Encouraging preventative care benefits your company short and long term. When employees have access to resources to support their wellbeing, they are able to utilize it to continue on a healthier trajectory to be more present and engaging during day to day tasks.

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https://www.sbmabenefits.com/wp-content/uploads/2021/07/Copy-of-Template-46-white-outline-logo-colored-image-gray-overlay-40.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-08-01 17:09:002021-11-30 16:39:24Why You Should Encourage Preventative Care in Your Employee Workforce

How to Make the Most out of Your Telehealth Visit

July 25, 2021/in Telehealth, Voluntary Benefits

While telehealth existed long before the onset of the pandemic, patients’ lack of accessibility to their doctors’ offices meant that telehealth grew exponentially over the past year and a half. What once may have seemed like an unnecessary benefit has now become a critical resource to most health care systems.

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https://www.sbmabenefits.com/wp-content/uploads/2021/06/Copy-of-2.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-07-25 12:16:002021-11-30 16:38:29How to Make the Most out of Your Telehealth Visit

How is ObamaCare different from Medicaid?

July 18, 2021/in ACA Compliance, MEC

Often confused for one another are Obamacare and Medicaid. While the two share various similarities, they vary greatly in many regards.

On a general basis, Obamacare, or the Affordable Care Act, aims to provide affordable health coverage to all Americans. On the other hand, Medicaid provides coverage for those in need that cannot afford coverage otherwise. 

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https://www.sbmabenefits.com/wp-content/uploads/2021/06/Copy-of-4.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-07-18 11:27:002021-11-30 16:36:40How is ObamaCare different from Medicaid?

How to Promote Healthy Habits in Your Employee Workforce

July 11, 2021/in Employee Engagement, Employee Retention, Healthy Living

Access to physical and mental resources promotes healthy and happy employees. When employees are healthy, both physically and mentally, it ultimately increases overall productivity in the workplace. For more information on how to promote healthy habits in your workforce, read on.

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https://www.sbmabenefits.com/wp-content/uploads/2021/06/3-1.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-07-11 10:40:002021-11-30 16:35:45How to Promote Healthy Habits in Your Employee Workforce

What Does the American Rescue Plan Mean for Healthcare?

July 4, 2021/in ACA Compliance, COVID-19, MEC, News

The American Rescue Plan was introduced by the Biden Administration earlier this year as an ongoing relief effort in response to the COVID-19 pandemic. As our country continues to recover from the effects brought on by the pandemic, this plan aims to support Americans by providing funding to various sectors and individuals in need.

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https://www.sbmabenefits.com/wp-content/uploads/2021/06/4.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-07-04 09:58:002021-11-30 16:34:43What Does the American Rescue Plan Mean for Healthcare?

How Healthy Employees Improve Productivity

June 27, 2021/in Employee Engagement, Employee Retention, Healthy Living

Providing health benefits that prioritize the health and well-being of employees is an efficient way to improve workplace productivity.

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https://www.sbmabenefits.com/wp-content/uploads/2021/05/Copy-of-Copy-of-Copy-of-Copy-of-2.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-06-27 15:51:002021-11-30 16:34:11How Healthy Employees Improve Productivity

Calculating ACA Penalties vs MEC Compliance Plans

June 13, 2021/in ACA Compliance, MEC

Health insurance is hardly a one size fits all industry. Different people need and want different coverage based on their lifestyle and what they can afford.

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https://www.sbmabenefits.com/wp-content/uploads/2021/06/Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-4.png 924 1640 Amanda Rogers https://www.sbmabenefits.com/wp-content/uploads/2021/12/SBMA_Website-Logo_250x150.png Amanda Rogers2021-06-13 15:36:002021-11-30 16:33:36Calculating ACA Penalties vs MEC Compliance Plans
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