Pinedale Online!
www.PinedaleOnline.com
www.Pinedale.com

Pinedale on the Web!
Pinedale, Wyoming

Home | Calendar of Events | Photo Gallery | Local Businesses |

Pinedale Online > News > September 2013 > Feds say employers won’t be fined or face a penalty for failing to provide employees with notice of ACA health exchanges
Feds say employers won’t be fined or face a penalty for failing to provide employees with notice of ACA health exchanges
by Pinedale Online!
September 18, 2013

Earlier, we posted a link to an article on Fox Small Business News website which stated that small business owners may not be aware that beginning October 1st, any business that makes $500,000 in annual revenue and has at least one employee must notify all employees by letter about the Affordable Care Act’s health exchanges or face a $100 per day fine. The requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size.

According to the Frequently Asked Questions page on the U.S. Department of Labor website, there is no fine or penalty if a business fails to provides its employees with notice of the new Health Insurance Marketplace.

Click on this link to go to the website: http://www.dol.gov/ebsa/faqs/faq-noticeofcoverageoptions.html (U.S. Department of Labor)

From the U.S. Department of Labor website:

FAQ on Notice of Coverage Options
Q: Can an employer be fined for failing to provide employees with notice about the Affordable Care Act's new Health Insurance Marketplace?

A: No. If your company is covered by the Fair Labor Standards Act, it should provide a written notice to its employees about the Health Insurance Marketplace by October 1, 2013, but there is no fine or penalty under the law for failing to provide the notice.
The notice should inform employees:
About the Health Insurance Marketplace;
That, depending on their income and what coverage may be offered by the employer, they may be able to get lower cost private insurance in the Marketplace; and
That if they buy insurance through the Marketplace, they may lose the employer contribution (if any) to their health benefits

The U.S. Department of Labor has two model notices to help employers comply. There is one model for employers who do not offer a health plan and another model for employers who offer a health plan or some or all employees:
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
The model notices are also available in Spanish and MS Word format at http://www.dol.gov/ebsa/healthreform/.

Employers may use one of these models, as applicable, or a modified version. More compliance assistance information is available in a Technical Release issued by the US Department of Labor.



Related Links
  • Small business owners may face $100 per day penalty under ObamaCare regs - Sept. 11, 2013
  • Pinedale Online > News > September 2013 > Feds say employers won’t be fined or face a penalty for failing to provide employees with notice of ACA health exchanges

    Pinedale Online!
    Pinedale Online! PO Box 2250, Pinedale, WY 82941
    Phone: (307) 360-7689 , Fax: (307) 367-2864

    Office Outlet in Pinedale, 43 S. Sublette
    E-mail:support@pinedaleonline.com

    Copyright © 2013 Pinedale Online. All rights reserved.
    Pictures and content cannot be used in whole or part without permission.