The Supreme Court ruling largely upheld the Affordable Care Act, which will overhaul the U.S. healthcare system and affect consumers and business, including senior living providers, in a variety of ways. The creation of accountable care organizations (ACO), new employer penalties, as well as changes to the Medicaid program may significantly affect the way business is done in the coming years.
Employer Penalties and Tax Credits
Small employers, those with fewer than 50 employees, however are exempt from new employer responsibility policies. Employers with fewer than 25 full-time employees with average annual wages of less than $50,000 may be eligible for a tax credit if they choose to purchase health insurance for their employees. View this flow chart to see if your company will need to pay a penalty.
Accountable Care Organizations
Medicaid Expansion and Cuts
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