The Affordable Care Act and Your Job Search
With the implementation of the Affordable Care Act open enrollment just weeks away, many job seekers are wondering how it will impact their job search. Although there is speculation that, to avoid certain employer mandates, some businesses will cut full-time staff and hours or move to hiring more temporary employees, these predictions are often unfounded or offset by other more positive outcomes for workers. For example, the good news for job seekers is that, as a result of the Affordable Care Act (ACA), there are many careers that are expected to grow:
Physician Services: With nearly 30 million people gaining health coverage, some for the first time, more people will visit a doctor’s office for routine check-ups and preventative medicine. Many offices will be looking for Physician’s Assistants and Nurse Practitioners to fill the demand.
Human Resources: Additional human resource professionals will be needed to assist with administering health plans, tracking employee hours and eligibility, and compliance with new ACA regulations.
Payroll: According to the ACA, employers must provide coverage to anyone who works an average of 30 hours per week at a cost of no more than 9.5% of their annual salary. Payroll Departments may need to beef up staffing just to track hours and health spending.
Legal Professionals: The ACA is full of complex, detailed regulations many of which are still a work in progress; thus, many companies are hiring attorneys to help decipher the laws and their implications.
Occupational Therapists: More people with disabilities will likely have health insurance because insurers will not be able to deny coverage under the ACA so experts predict a rise in the need for occupational therapists to improve the daily living and work skills of people with a physical disabilities. According to the BLS, the unemployment rate in this field is just 1%.
Personal Trainers: Experts predict that, to lower their health spending, employers will encourage healthy living among employees by hiring health educators, trainers, wellness program designers, coaches, and wellness managers. The BLS predicts a 37% increase in this field between now and 2020.
Customer Service Professionals: Once the exchange marketplaces open to the public, there will be plenty of questions to answer which means plenty of opportunities to provide customer service.
Insurance Consultants: Many big employers will have plenty of rules to comply with and many smaller employers may be offering health insurance for the first time. Consultants will be needed to assist with compliance, coverage options, and health risk analysis and assessment.
Medical Billers: New patients = New bills. Billing offices will be looking for employees who can learn the new ways to submit patient claims to insurance companies.
Medical Coders: The ACA will introduce a system of coding called the International Classification of Diseases, or ICD-10 which includes 69,000 diagnostic codes! Coding will be Exploding!
- White House Blog
Learn more about how the Affordable Care Act has and will affect job growth