HR Glossary

Affordable Care Act (ACA)

By October 20, 2019 October 22nd, 2019 No Comments

What is the Affordable Care Act (ACA)?  Definition below:

”The Affordable Care Act (ACA) is used commonly by Human Resource professionals to abbreviate The Patient Protection and Affordable Care Act passed by President Barack Obama in 2010. Otherwise known as "Obamacare," this Act aimed to provide healthcare coverage to more Americans through new regulations.

These regulations included mandated health insurance to all Americans. New standards also determined qualified health plans and changes to what constitutes a full-time employee. The Affordable Care Act also created health insurance marketplaces as well as expanding many state Medicaid programs.

Human Resource departments are responsible for explaining the Affordable Care Act to employees in order to guide them through Open Enrollment periods for health coverage.

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