How does the ACA impact small business owners? 

The ACA also established the Small Business Health Options Program (SHOP) to help small businesses provide health and dental insurance. In some states, SHOP access is limited to businesses with up to 50 full-time or full-time equivalent employees but other states limit this number to 100. Employers enrolled in a SHOP plan may also qualify for a Small Business Health Care Tax Credit to lower their premium costs.

When was the Affordable Care Act passed? 

The Affordable Care Act was passed in two parts, including The Patient Protection and Affordable Care Act signed into law on March 23, 2010, and the Health Care and Education Reconciliation Act on March 30, 2010, which amended it. Not all states have expanded their Medicaid programs so coverage eligibility will vary from state to state.

Who qualifies for the Affordable Care Act? 

To be eligible for health insurance through the Health Insurance Marketplace, established by the Affordable Care Act, you must meet the following criteria: 

• Must live in the United States

• Must be a U.S. citizen or national (or be lawfully present). 

• Cannot be incarcerated in prison or jail

• Not already covered by Medicare

What income levels are required to qualify for health insurance under the ACA? 

There’s no specified income level needed to enroll in health insurance through the Health Insurance Marketplace. However, federal poverty levels determine eligibility for additional savings, Medicaid, and CHIP. Those whose household income level falls between 100% and 400% of the federal poverty level (FPL) or above, may qualify for premium tax credits that lower their monthly premiums. Medicaid provides low-income adults with access to health insurance while CHIP provides children with health insurance. Individuals must apply through their state’s agency to determine eligibility for Medicaid or CHIP. Requirements may vary across states.