One of the requirements under the Affordable Care Act of 2010 is that employees must be notified no later than 10/1/2013, that they have the right to purchase health insurance through the new health insurance exchanges (a/k/a “marketplaces”) on 1/1/2014. This requirement applies to all employers who are subject to the Fair Labor Standards Act. Generally, this means any business with one or more employees with at least $500,000 of annual revenue.
Employers are required to send this notification to all employees, whether or not the employer offers health coverage, and whether or not the specific employee is eligible for coverage. The notice should be mailed to the employee, free of charge. The Regulations do not provide for hand delivery of the notices, so these employers should consider having the employee initial an acknowledgement of receipt.
Future hires should receive a copy of this notice at the time of hire, but no later than 14 days after start date.
Miller & Company, Certified Public Accountants, P.C. recommends that you contact your employee benefits consultant with any questions about this requirement.
The Department of Labor has issued model notices for employers who provide health insurance to any employees and for employers who do not provide health insurance to any employees.
The model notice for employers providing health insurance to employees may be found here.
The model notice for employers who do not provide health insurance to any employees may be found here
These notices may be printed and distributed for this purpose.
Please do not hesitate to contact our office with any questions or concerns.