51 Downtown Plaza ~ Fairmont, Minnesota 56031 ~ (507) 238-4304
Affordable Care Act Requirement
The Affordable Care Act (ACA) requires all employers, to provide the Exchange Notice
to all employeesno 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
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.