Affordable Care Act Requirement

The Affordable Care Act (ACA) requires all employers, to provide the Exchange Notice to all employees no later than October 1, 2013.

• If you are an employer covered by the Fair Labor Standards Act you are required to give notice to all employees.  If you have receipts/sales over $500,000 and employ one more persons then you are covered.
• Notice is required to be given by October 1st, 2013.  As of now there is no penalty for failure to provide notice, however this may change.
• A sample for an employer with coverage:  Click here
• A sample for an employer without coverage:  Click here
• For more information employers and employees may visit the Mnsure website.  Click here

Please read this information carefully. The Company must take action to fulfill this requirement for all employees, whether health insurance is or is not provided. This provision does not stop after October 1, 2013. The Notice must be provided to all employees hired between October 1, 2013 and December 31, 2013 on the employee’s start date. For employees hired on or after January 1, 2014 the Notice must be provided within 14 days of hire. It may be prudent to include the Exchange Notice in all new hire document packets starting October 1, 2013.

After reading through the information, if you have questions please call our office.