Exchange Notice Requirements for Employers
Beginning Jan. 1, 2014, individuals and employees of small businesses will have access to insurance coverage through the Affordable Care Act’s (ACA) health insurance exchanges (Exchanges), which are also known as Health Insurance Marketplaces. Open enrollment under the Exchanges will begin on Oct. 1, 2013. The ACA requires employers to provide all new hires and current employees with a written notice about ACA’s Exchanges. This requirement is found in Section 18B of the Fair Labor Standards Act (FLSA).
The DOL provided the following model Exchange notices:
• A Model Notice to Employees of Coverage Options for employers who offer a health plan to some or all employees; and
• A Model Notice to Employees of Coverage Options for employers who do not offer a health plan.