Beginning October 1, 2013 any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face a fine up to $100 per day. This requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size.
Going forward, letters are to be distributed to any new hires within 14 days of their starting date, according to the Department of Labor.
Earlier this summer, the employer mandate, which states that every business with at least 50 or more full-time employees must offer workers acceptable coverage or face a $2,000 penalty per worker, per year was pushed back to 2015. But the October 1st employee notification deadline is still in effect.
Here are links to the US Department of Labor website where you can download model notifications.
- Model notice for employers who offer a health plan
- Model notice for employers who do not offer a health plan
To read the Technical release 2013-02 – Guidance on the notice of employee coverage options under FLSA and updated model election notice under COBRA you can click here.
To read more about the Affordable Care Act on the US Department of Labor website please click here.