Are you ready? The Affordable Care Act (ACA), also known as the federal health care reform, requires employers to notify their workers about the availability of the new Health Insurance Marketplace. The marketplace is an insurance exchange where individuals can compare individual health insurance plans offered by private insurance companies. Per federal law, employers must provide “Notice of Coverage Options” to every employee by October 1st, 2013.
What do I need to do? Each employer must distribute the “Notice of Coverage Options” to ALL employees – full-time, part-time, seasonal, temporary, etc. – by October 1st. All employees must receive the Notice whether or not they are eligible for benefits at work. Going forward, employers are also required to provide all new hires with the notice within 14 days of their hire date.
Download the notice and get ready to answer your employee’s “Affordable Health Care Act” questions!