Health Care Reform Changes

The health care reform law—officially called the Patient Protection and Affordable Care Act of 2010 ("ACA" for short)—continues to in the news. The table below shows some of the biggest changes that that have been implemented since January 2014.

Health care reform change What it means for you
Each year, you may receive Health Care Information Forms 1095-B and 1095-C as Omnicell, Inc. is an Applicable Large Employer subject to the employer shared responsibility provision in the Affordable Care Act. Form 1095-B includes information about the health insurance coverage offered to you by your employer. Form 1095-C includes information about the coverage, if any, your employer offered to you and your spouse and dependent(s) and the timeframe that you were covered. These forms will be mailed to you by the first quarter of the year. You must file both forms when you do your annual taxes. For more information, visit: https://www.irs.gov/affordable-care-act.
All U.S. citizens must have "minimum essential coverage" health insurance or pay a penalty. This is called the "individual mandate."
  • Anyone not enrolled in "minimum essential coverage" for the entire year will be subject to a tax penalty.
  • If you enroll in an Omnicell medical plan, you'll be covered and you won't pay a penalty.
Federal and state online health insurance exchanges (also called "marketplaces") are available for Americans to buy health coverage from a variety of different insurance carriers at different prices. They're designed to give people more buying options.
  • You have the option to purchase your coverage through an exchange. However, most Omnicell employees will have better coverage at a better price when they enroll in an Omnicell plan.
Lower-income Americans may be eligible for financial assistance and expanded benefits if they meet certain income requirements.
  • Eligibility for low-cost and no-cost Medicaid coverage has been expanded in many states. The federal government is encouraging all states to expand Medicaid coverage.
The "employer mandate" (also called "pay or play") requires large employers to offer affordable health insurance to employees who work 30 or more hours a week or pay a penalty, effective January 1, 2015, and will require annual insurance reporting.
  • The Treasury Department delayed enforcing the employer mandate until 2015 (originally planned for 2014). The delay does not affect the ACA requirement that individuals have health insurance or pay a tax penalty (known as the "individual mandate"). The individual mandate still took effect January 1, 2014.
Coverage will be guaranteed.
  • You and family members cannot be denied coverage because of a serious illness or pre-existing condition.
No limits on essential health benefits.
  • Your health plan cannot limit how much it will pay for certain health conditions.
Waiting periods for health insurance coverage cannot exceed 90 days.
  • This is the longest period of time that may pass before your employer-sponsored health insurance starts.
  • Omnicell already meets this requirement.