One of the chief aims of the Affordable Care Act (ACA) was to address the challenge associated with finding and purchasing affordable individual health insurance, for those that have no other option for coverage. Some might recall when there was both an INDIVIDUAL and an EMPLOYER mandate, associated with the ACA. While there is no longer a tax penalty associated with going uninsured (i.e., the individual mandate), there is very much still an opportunity for people to purchase subsidized health insurance coverage through the ACA’s exchanges. And, with the expected and pending fix of the so called “family glitch”, millions of people will become eligible for subsidized coverage. Importantly, and speaking of the ACA’s “employer mandate”, employers will need to rethink and possibly restructure premium cost sharing strategies associated with their group health insurance plan offerings!
