My last blog discussed a requirement under the Affordable Care Act (ACA) for all employers to provide their employees with written notification about the health coverage options that are available through the health care exchanges (also known as marketplaces) that were created under the ACA. The notice was to be issued to all employees no later than October 1, 2013.
On September 11, 2013, the Department of Labor unexpectedly announced that there will not be any fines or penalties imposed for failure to provide that notice.
A sample of the two different notices, while neither particularly detailed nor difficult to complete, can be found here: http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf (if the employer offers health plans) and http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf (if the employer does not offer health plans).
Whether an employer decides to comply with this requirement is clearly their choice; my feeling is that if it can be easily distributed, the employer can’t be hurt by providing the notice.
If you have questions regarding the Affordable Care Act, the notices or other areas of concern with personal or business finance, please feel free to call me at 440-449-6800 or email email@example.com. Visit our Compensation & Benefits Advisory Services Group to learn more about what we can do to help your business grow and maintain compliance.