The intention behind the Affordable Care Act was simple—it was to allow the expansion of health insurance coverage to more individuals in the United States.

The aim of the act was to serve to enhance the quality of coverage that citizens were getting, to expand on Medicaid coverage, and to establish a health insurance marketplace wherein there is the opportunity to shop around for affordable healthcare coverage, for both individuals and businesses.

While the impacts of the ACA were and are indeed quite far-reaching and convoluted, there were indeed certain positive factors that warrant to be taken into account.

In Delaware, the Affordable Care Act of 2010 led to a decrease in uninsured people by 36.1% between the years of 2013 and 2016. Additionally, in 2017, around 24,000 individuals in the city of Delaware were signed up with healthcare plans through the health insurance exchange the act established.

ACA and Employee Benefits

Also known as Obamacare, the Affordable Health Care Act was a health care reform law that was designed for the purposes of allowing individuals to gain access to better and much more affordable health care. This act also had an impact on employee benefits, as a significant number of employed individuals receive their health care through their employers.

The main change that the ACA brought about was that those employers who were previously not offering healthcare insurance to their employees were there on required to provide it to them. This was, however, dependent on the number of full-time employees in the company in question.

With the threat of penalty looming over them, businesses that had in their employ fifty or more individuals were required by law to provide them with healthcare insurance.

Employee benefits are a crucial part of the compensation package in businesses—they serve to help retain employees and give them more incentive to be a part of the company. When before these were considered to be fringe benefits, they are now very much an essential part of the program in any business, organization, or corporation.

At JS Benefits Group, we provide employee benefit services to Delaware businesses! We strive to help design and implement a program that is beneficial to both the employer and employee, keeping in line with the needs and preferences of the company in question.

Our employee benefit consultants work closely with you to help ensure that the HR and benefits departments are up to the mark on what they are delivering to the workforce.

Give us a call at (877) 355-6070 and we can work on establishing the right kind of partnership! With customer retention of more than 900 clients, you can trust in the quality of the kind of customer service we have to offer.