What’s Next for the Affordable Care Act?

By Megan Cooney, Marketing Assistant

Although the first open enrollment period for health insurance through the Marketplace officially closed at midnight on March 31, those who began applications that day will have until April 15 to finish the enrollment process.

President Obama announced that over 7.1 million Americans applied for health insurance through the exchange by the extended March 31 deadline. With the individual enrollment process completed, for the most part, two questions remain:

  1. What is next for the Affordable Care Act (ACA)?
    • Beginning in 2016 the Employer Mandate will go into effect for employers with 50 to 99 employees and larger employers with 100 or more employees. This section states that if an employer in either of these categories fails to offer healthcare coverage that is deemed unaffordable by law (a premium of more than 9.5% of an employee’s earnings), they will be subjected to a penalty.
  2. What needs to be amended under the Affordable Care Act (ACA)?
    • Uninsured vs. Insured. At this point in time, there is no concrete data to say whether the number of uninsured Americans has decreased or not. Keep in mind that when the individual mandate went into effect, many people initially lost their coverage because their plans didn’t meet the law’s requirements.
      HealthCare.gov. When the Marketplace website was first launched, it experienced a lot of technical problems. Although the site’s performance has been improved, it still faced many more issues, especially during the final hours of the enrollment period.

The next enrollment period for individuals to obtain health coverage through the Marketplace will begin Nov. 15, 2014. For more information, contact Jennifer Krog, our Affordable Care Act Certified Account Executive, at 800-342-3859 or www.mcgrathinsurance.com.

*This article is written for informational purposes only and should not be construed as providing legal advice.