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Home Affordable Care Act ACA Enrollment Continues at Faster Pace From Previous Year

ACA Enrollment Continues at Faster Pace From Previous Year

2 minute read
by Robert Sheen

They say that you don’t know what you’ve got till it’s gone, a theory that may be true for the Affordable Care Act (ACA). It was just months ago when President Donald Trump pronounced the ACA as dead. The demise of the ACA or “Obamacare” has been his goal, even when replacement plans and quick-fix sabotage efforts continually failed. As his tone towards undermining the ACA has moved from serious to ominous, Americans have reacted by signing up for healthcare insurance through Healthcare.gov at an even faster pace than last year.

According to the Centers for Medicare and Medicaid, 1.5 million Americans enrolled by mid-November—the total by Thanksgiving reaching almost 2.3 million people. Per CNBC, that means within the first four weeks of enrollment, the number of enrollees was greater than last year by nearly 900,000. The numbers are further broken down to over 566,000 new enrollees, 1.7 million renewals. Over 8.1 million users are now a part of Healthcare.gov.

As Trump and many Congressional Republicans continue to search for ways to dismantle the law into something barely recognizable, Americans are hurrying to Healthcare.gov to sign up for health insurance before the December 15 deadline. Premiums may be up, but the offer of premium tax credits are offsetting those increases for many Americans.

With about three weeks left for open enrollment, the numbers will likely to continue to grow. The interest in signing up for healthcare coverage under the ACA dovetails with past surveys conducted by the Kaiser Family Foundation that have shown a steady increase in support for the ACA by Americans. Perhaps the increase in ACA sign ups and growing support for the ACA by the American public are recognition that more and more Americans are realizing what they have got in the ACA is a good thing and they, indeed, don’t want to see it go.

For employers, that means you should be planning for the ACA to continue to be enforced by the IRS. That enforcement has started to with the mailing of Letter 226J to organizations that have been identified by the IRS as not being in compliance for their ACA filings for the 2015 tax year. Now is the time to develop a response strategy. Review your past years’ filings, consult with experts if you have any questions, and confirm that your previous year’s filings were properly filed. Implementing these simple steps now will help you timely respond to any IRS inquiries, and possibly reduce your overall exposure to penalties under the ACA.

We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance. For questions about the ACA contact us here.

Summary
ACA Enrollment Continues at Faster Pace From Previous Year
Article Name
ACA Enrollment Continues at Faster Pace From Previous Year
Description
The ACA 2018 open enrollment is still going strong. Another sign to employers that the ACA is here to stay.
Author
Publisher Name
The ACA Times
Publisher Logo
Short URL of this page: https://acatimes.com/kio
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