Heads Up on ACA Notices
September 23, 2013
Beginning January 1, 2014, individuals and employees will be able to purchase health insurance coverage through the Affordable Care Act’s (ACA) health insurance exchanges, also known as the Health Insurance Marketplace (the “Marketplace”). The ACA requires employers to provide current employees and all new hires with written notice about health insurance coverage options available through the Marketplace.
Who must provide these notices? Generally if the Fair Labor Standard Act applies to your business, then this will apply to you. For businesses with less than $500,000 in annual sales, this may not apply. Please check with your insurance agent for more information.
Who do I give these to? Employers must provide a notice to each employee regardless of plan enrollment status or whether part-time or full-time.
When do I have to do this? The deadline for providing these to your employees is October 1, 2013. For new hires, these should be provided within 14 days of start date.
Click here to download a model notice from the Department of Labor. More information can also be found at www.healthcare.gov.