An HR Glossary for HR Terms
B
Basic Salary Meaning
Benefits Administration
Bereavement
Boomerang Employee
Business Agility
C
Career Plateau
Competency Based Pay
D
Disability Leave
Dual Labor Market
E
Employee Benefits
Employee Benefits Administration
Employee Database
Employee Empowerment
Employee Engagement in HR
Employee Management
Employee Net Promoter Score (eNPS)
Employee Onboarding
Employee Orientation
Employee Relations
Employee Satisfaction
Employee Turnover
F
Flexible Spending Account (FSA)
H
Health Maintenance Organisation (HMO)
Health Reimbursement Account (HRA)
Health Savings Account (HSA)
HR Business Partner
Human Capital Management (HCM)
Human Resources Information System (
Human Resources Management System (HRMS)
I
Indirect Compensation
Informal Communication
J
Job Classification
K
Knowledge Management
M
Military Leave from Work
O
Occupational Stress
Onboarding
P
Paid Time Off (PTO)
Passive Candidate
Payroll Software
Performance Improvement
Performance Management
Performance Review
Preferred Provider Organisation
Q
Qualifying Life Event
R
Recruiting Software
S
Sourcing
T
Talent Acquisition
Talent Management
Time-to-Hire
Time Tracking
ACA (Affordable Care Act)
What is the Affordable Care Act (ACA)?
ACA is the common abbreviation HR professionals use for The Patient Protection and Affordable Care Act. Passed by the 111th Congress and signed into law by President Barack Obama in March 2010, the ACA is also known by the popular term Obamacare. Intended to extend healthcare coverage to more Americans, the ACA reshaped benefits administration through new regulations, fines, and penalties. These include:
- New standards for health plans to qualify as ACA-compliant coverage
- An individual mandate requiring most Americans to prove they have medical insurance or face a tax penalty
- New standards for determining who counts as a full-time employee in these mandates
- A requirement for employers of 50 people or more to offer health insurance
- The creation of health insurance marketplaces
- Premium and cost-sharing subsidies for lower-income Americans
- An expansion of the Medicaid program in many U.S. states
ACA compliance issues complicate the process of administering medical benefits. HR professionals need to explain how the ACA affects their employees’ benefit choices during open enrollment so that employees can make the best choice for their health and their financial situation.
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