What Employers Need to do Before October 1st
The health insurance marketplaces created by the Affordable Care Act (ACA) will open on October 1, 2013. All companies regardless of size are required to notify employees about the marketplaces and the ability to purchase health insurance in the marketplace. Additionally, new employees who start after October 1, 2013 must be notified within 14 days of the employee’s start date.
The Model Notice for employers who offer a health plan to some or all employees is available on the U.S. Department of Labor’s (DOL) website at http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf
The Model Notice for employers who do not offer a health plan can be obtained here: http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf
The COBRA Model Election Notice can be obtained under the Notice to Employees of Coverage Options within the Affordable Care Act Regulations and Guidance section on the DOL’s website at http://www.dol.gov/ebsa/healthreform/index.html
For a listing of SBS Payroll’s resources that can help you navigate healthcare reform changes and prepare for the Employer Mandate of the ACA, view our June 2013 blog posting here: http://blog.sbspayroll.com/2013/06/affordable-care-act-update.html