President Signs Important ACA Modification Bill!
Yesterday (October 7, 2015) the President signed the Protecting Affordable Coverage for Employees, or PACE Act, giving states the flexibility to define “small employer group”, for purposes of the Affordable Care Act (ACA). The PACE Act also redefines the definition of small employer to 1 – 50 employees. This is an extremely important tweak to the ACA, especially for employer groups that employ between 50 – 100 full and part-time employees. Had the PACE Act not been signed into law, the ACA was set to change the definition of small employer group from the current, 1 – 50 employees, to 1 – 100 employees, as affected plans renewed on and after January 1, 2016.