In accordance with the regulations of the Affordable Care Act (ACA)*, if you are an applicable employer you must provide each of your employees with a notice of the Health Insurance Marketplace coverage options as well as the employment-based health coverage offered through your company or organization.
The time to inform your employees is now.The Department of Labor website offers two versions of a model notice for employers regarding the new changes in health care coverage:
- Model Notice for employers who offer a health plan to some or all employees
- Model Notice for employers who do not offer a health plan
Both notices provide basic information about the Marketplace and employment-based health coverage, including whether an employee can save money on their health insurance premiums and if employer health coverage affects an employee's eligibility for Premium Savings through the Marketplace. Employees are also directed to www.HealthCare.gov if they need more information, or if they would like to shop the Marketplace.
*Note: Open enrollment for health insurance coverage through the Marketplace begins October 1, 2013. Section 1512 of the Affordable Care Act creates a new Fair Labor Standards Act (FLSA) section 18B requiring a notice to employees of coverage options available through the Marketplace.