What CPAs Must Know to Advise Clients on Health Care

The Patient Protection and Affordable Care Act (ACA) has arrived with fanfare, challenges and no small degree of uncertainty. As people get closer to the March 31 mandatory enrollment deadline and implementation of the ACA continues, individual and business clients will naturally have questions goin...

Full description

Saved in:
Bibliographic Details
Published inThe Planner p. 1C
Main Author Sarenski, Ted
Format Trade Publication Article
LanguageEnglish
Published New York American Institute of Certified Public Accountants 01.01.2014
Subjects
Employees
Employers
Enrollments
Government subsidies
Health care policy
Health insurance
Insurance coverage
Patient Protection & Affordable Care Act 2010-US
Tax credits
United States > US
Online AccessGet full text

Cover

More Information
Summary:The Patient Protection and Affordable Care Act (ACA) has arrived with fanfare, challenges and no small degree of uncertainty. As people get closer to the March 31 mandatory enrollment deadline and implementation of the ACA continues, individual and business clients will naturally have questions going forward. Many are concerned or unsure about what to do mainly because of the difficulties that have marked the rollout of the new health care law. The ACA opened the door for all Americans to have access to health insurance. Federal and state governments, however, are not in the business of providing health insurance. Rather, the exchange created by the ACA is the platform for the sale and purchase of health insurance from private insurance companies, such as Blue Cross Blue Shield, United Health, AETNA and others. The ACA institutes a series of penalties, tax credits and subsidies to encourage participation in the health insurance marketplace.
ISSN:0895-3570