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ACA Chapter Terms & Conditions 2023Table of Contents 1.0 Background21.1 Purpose22.0 Group Supervision Framework23.0 Permitted Activities34.0 Governance35.0 Professional Development46.0 Costs and Administration57.0
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The Affordable Care Act (ACA) is a comprehensive healthcare reform law enacted in March 2010 aimed at improving access to health insurance, increasing the quality of care, and reducing healthcare costs.
Employers with 50 or more full-time equivalent employees, health insurance providers, and certain other entities are required to file forms related to the ACA.
To fill out the ACA forms, gather information about health coverage offered to employees, complete the necessary forms (such as Forms 1095-A, 1095-B, or 1095-C), and submit them to the IRS and provide copies to employees.
The purpose of the ACA is to expand access to health insurance, improve the quality of care, and control healthcare costs by introducing new regulations and provisions.
Information that must be reported includes details about the health coverage offered, employee enrollment, coverage start and end dates, and the reason for any gaps in coverage.
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