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Thirdly, employer must pay at least 50% of the full-time employee's premium costs. [8] However, employers are not required to offer coverage to part-time employees (work fewer than 30 works/week) or dependents, or to seasonal workers who aren't considered full-time employees unless they work more than 120 days during the tax year. [9]
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
The ACA's prohibition on denying coverage for pre-existing conditions began on January 1, 2014. Previously, several state and federal programs, including most recently the ACA, provided funds for state-run high-risk pools for those with previously existing conditions.
Employers: Premiums cost an average of $9,131 annually for single coverage and $25,167 for family coverage. Employees: Contributed an average of $1,204 annually for single coverage and $7,947 for ...
Experts expect price hikes would lead some Americans to drop their coverage, while others would downgrade to cheaper plans. The Congressional Budget Office estimates that in total, 3 million more ...
The waivers allowed employers to temporarily avoid the regulations ending annual and lifetime limits on coverage, and were put in place to encourage employers and insurers offering mini-med plans not to withdraw medical coverage before those regulations come into force, by which time small employers and individuals will be able to buy non ...
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