Do You Know What the Affordable Care Act Means for Your Business in 2014?

Several provisions of the Affordable Care Act (ACA) have been delayed, altered and even repealed since 2010, and these changes have an impact on the sign industry. When the ACA, also known as “Obamacare,” was signed into law in 2010, the bulk of the legislation was expected to be implemented by 2014. However, the Obama administration delayed final implementation of the ACA for businesses with more than 50 full-time employees (FTE) until January 1, 2015. Meanwhile, the “Small Business Health Care Tax Credits”, meant to help small employers afford the cost of health care coverage for their employees and which is specifically targeted for those employers with low- and moderate-income workers, is still available.
 
And while the individual mandate still became effective as of January 1, 2014, Americans who have had their insurance policies canceled because they don’t meet the standards laid out by the ACA are allowed to keep these policies until January 1, 2015. In addition, the challenges of the new health care website required the administration to announce a one-year delay of online enrollment for small businesses looking to purchase health care coverage through federal ACA exchanges.
 
ISA is working to provide sign companies with the latest information about the massive and changing law in order to comply. This includes keeping sign companies of all sizes up-to-date regarding the late 2014-early 2015 target dates for implementation of several major provisions of the ACA.
 
For more information on the Affordable Care Act (ACA) and its impact on your business, contact ISA’s David Hickey.