Employer Affordable Care Act Notice to Employees Easy as Pie!
ObamacareMadeEasy
2013-08-27
Views 104
www.ObamacareMadeEasy.com Many Employers are confused about the notification they must send to their employees. The Affordable Care Act regulations, as written, require employers to provide this written notice, to each current employee, no later than October 1, 2013. This video will show you how and give you everything you need to Get-R-Done.
2. Employers' Notice Obligation Regarding the ACA Exchanges.
(a) Employers That Must Provide the Notice.
ACA requires all employers covered by the federal Fair Labor Standards Act ("FLSA") to notify employees of the availability of health coverage on the exchanges.
The FLSA covers most employers, as it generally applies to: (i) employers that employ one or more employees who are engaged in, or produce goods for, interstate commerce;[1] and (ii) specific entities, including: hospitals; institutions primarily engaged in the care of the sick, the aged, mentally ill, or disabled who reside on the premises; schools for children who are mentally or physically disabled or gifted; preschools, elementary and secondary schools, and institutions of higher education; and federal, state and local government agencies. The DOL's Wage and Hour Division provides guidance regarding FLSA coverage generally, including an Internet compliance assistance tool to assist employers in determining FLSA coverage. (See http://www.dol.gov/elaws/esa/flsa/scope/screen24.asp.)
(b) Contents, Timing and Manner of Distribution of the Notice Regarding the ACA Exchanges.
Contents. Employers must advise employees:
(i) about the existence of the exchanges, and include a description of the services provided by the exchanges and the manner in which the employee may contact the exchange to request assistance;
(ii) whether the employer's health plan's share of the total allowed costs of benefits provided under the plan is less than 60% of such costs (in which case the employee may be eligible for a premium tax credit if he/she purchases coverage through the exchanges); and
(iii) if they purchase coverage through the exchanges, they may lose any employer contribution to the employer's health plan and that all or a portion of such contributions may be excludable from income for federal income tax purposes.R-Done.
2. Employers' Notice Obligation Regarding the ACA Exchanges.
(a) Employers That Must Provide the Notice.
ACA requires all employers covered by the federal Fair Labor Standards Act ("FLSA") to notify employees of the availability of health coverage on the exchanges.
The FLSA covers most employers, as it generally applies to: (i) employers that employ one or more employees who are engaged in, or produce goods for, interstate commerce;[1] and (ii) specific entities, including: hospitals; institutions primarily engaged in the care of the sick, the aged, mentally ill, or disabled who reside on the premises; schools for children who are mentally or physically disabled or gifted; preschools, elementary and secondary schools, and institutions of higher education; and federal, state and local government agencies. The DOL's Wage and Hour Division provides guidance regarding FLSA coverage generally, including an Internet compliance assistance tool to assist employers in determining FLSA coverage. (See http://www.dol.gov/elaws/esa/flsa/scope/screen24.asp.)
(b) Contents, Timing and Manner of Distribution of the Notice Regarding the ACA Exchanges.
Contents. Employers must advise employees:
(i) about the existence of the exchanges, and include a description of the services provided by the exchanges and the manner in which the employee may contact the exchange to request assistance;
(ii) whether the employer's health plan's share of the total allowed costs of benefits provided under the plan is less than 60% of such costs (in which case the employee may be eligible for a premium tax credit if he/she purchases coverage through the exchanges); and
(iii) if they purchase coverage through the exchanges, they may lose any employer contribution to the employer's health plan and that all or a portion of such contributions may be excludable from income for federal income tax purposes.R-Done.
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