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Senate Study Bill 1127 Introduced SENATE/HOUSE FILE BY (PROPOSED DEPARTMENT OF HUMAN SERVICES BILL)A BILL FOR1 An Act relating to Medicaid program integrity, and providing 2 penalties. 3 BE IT ENACTED
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The Patient Protection and Affordable Care Act (PPACA), commonly known as the Affordable Care Act (ACA), is a comprehensive healthcare reform legislation in the United States that was enacted in 2010. Its primary goals are to expand access to health insurance, reduce healthcare costs, and improve healthcare quality.
Businesses with 50 or more full-time equivalent employees, insurance providers, and certain government programs are required to file information related to the Patient Protection and Affordable Care Act. This is typically known as the Employer Shared Responsibility provision.
To fill out the required forms under the Patient Protection and Affordable Care Act, eligible entities must report on their employee health coverage offerings using specific IRS forms (e.g., 1095-A, 1095-B, 1095-C). It is crucial to collect employee data, offer details, and understand the reporting requirements outlined by the IRS.
The purpose of the Patient Protection and Affordable Care Act is to make healthcare more affordable and accessible to more people, reduce the number of uninsured individuals, enhance the quality of care, and provide additional consumer protections in health insurance.
Entities must report information such as the names and SSNs of employees, the months during which they were covered by health insurance, the type of coverage offered, and whether such coverage was affordable and met the minimum value standard.
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