An HR Glossary for HR Terms

Glossary of Human Resources Management and Employee Benefit Terms

ACA (Affordable Care Act)

What is the Affordable Care Act (ACA)?

ACA (Affordable Care Act) 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:

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.

Compensation Doesn't Have to Be Complicated.

From tax deductions to direct deposit, BambooHR Payroll makes it easy to manage your team's total compensation in a single, centralized system.

Learn More Today!

You might also like

Join us for a panel discussion with thought leaders from BambooHR and Zane Benefits as we explore how optimizing your benefits helps you recruit and retain the best people for your organization.

Watch Now

Join BambooHR and League to explore how to go beyond wellness resolutions so your organization can reap all the benefits of a healthy workforce.

Download Now