2013-08-27 04:08:25 - New rules mandated by the Affordable Care Act require employers to provide a notice about healthcare to employees before October 1st, 2013.
On October 1st of this year the Affordable Care Act (ACA - ObamaCare) mandates that all Employers, regardless of size, must provide their employees a written notice describing the services available on the Health Insurance Exchange.
The notice must also include information about the Employer’s current group health insurance plan.
For example, the written notice is required to state that--if the Employee purchases a health plan through the Exchange--the Employee may lose all Employer contributions that have been deposited in the health benefits plan offered by the Employer.
If the Employer’s current group plan fails to provide at least 60% of the Employees total costs for medical benefits, the notice must state that the Employee may be eligible for an Advanced
Premium Tax Credit—if the Employee decides to purchase a health plan through a Government Administered Exchange.
The notification is required to include instructions about how the Employee can contact the new Health Insurance Exchange.
For Employees that are hired after October 1st, Employers are required to provide this written notice at the time of hire, and the notice is required to be provided automatically, free of charge.
The notice must be in writing, and in a manner intended to be understood by the average employee. It may be provided by first class mail, or electronically under specific conditions.
Employer’s can find a model notice—one that adheres to the government’s mandated guidelines—on the website of Payroll Reno, available at the link below: