Beginning January 1, 2014, individuals and employees will have access to insurance coverage through the Affordable Care Act’s Health Insurance Exchanges (Also known as Health Insurance Marketplaces).
WHAT YOU NEED TO DO:
By October 1, 2013, you are required to provide all current employees with written notice about the Exchanges. You must also provide the notice to each new employee hired after Oct. 1, 2013.
The notice should be provided to all employees, regardless of employer plan enrollment or of part-time or full-time status. You are not required to provide a separate notice to dependents.
The Exchange notice must include:
Information regarding the existence of an Exchange, as well as contact information and a description of the services provided by an Exchange.
Inform the employee that the employee may be eligible for a premium tax credit if the employee purchases a qualified health plan through the Exchange.
Contain a statement informing the employee that, if the employee purchases a qualified health plan through the Exchange, the employee may lose the employer contribution (if any) to any health benefits plan offered by the employer and that all or a portion of such contribution may be excludable from income for federal income tax purposes.
If you offer a health insurance plan to your employees, start here:
If you do not offer a health insurance plan to your employees, start here: