Glossary Entry • Letter A
Affordable Care Act (ACA)
Comprehensive healthcare reform legislation enacted in 2010 requiring applicable large employers (ALEs) to offer affordable health coverage.
Detailed Explanation & Employer Guidance
The Affordable Care Act requires employers with 50 or more full-time equivalent employees (FTEs) to offer minimum essential coverage that is affordable and meets minimum value standards to full-time staff and their dependents, or face employer shared responsibility payments. Employers must also file annual IRS reporting Forms 1094-C and 1095-C.
Automate Compliance with Paylocity
Never worry about manual misclassifications or regulatory calculation errors. Paylocity keeps your workforce policies and payroll engine up to date with changing state and federal laws.
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