On Sunday, Feb. 15, open enrollment for health insurance under the Affordable Care Act (ACA, commonly referred to as Obamacare) is closing.
Thus far, the Department of Health and Human Services (HHS) says that at least 10 million people have enrolled or been automatically re-enrolled in Obamacare policies. More than 80 percent of these enrollees are eligible for premium subsidies averaging about $268 a month.
The last weekend didn’t go altogether smoothly, however. On Saturday, those who tried to enroll for the first time were unable to verify their incomes as the HealthCare.gov site’s connection to the Internal Revenue Service (IRS) database faltered. Full service was restored by Sunday.
Beginning Monday, anyone wishing to enroll in an ACA policy must show a triggering event, such as loss of insurance through an adverse employment action (such as a layoff).
For the full story on how the Affordable Care Act (ACA, or Obamacare) affects your business, no matter how large or small, please obtain a copy of our comprehensive yet easy-to-follow Affordable Care Act Compliance Kit.