Affordable Care Act Understanding the Implications and Posting Requirements
01/05/2014
The Affordable Care Act's purpose is to provide health care coverage to employees whos employers do not offer coverage. This is done through the new health insurance exchanges. Employees may now choose to accept the employer coverage or opt for coverages in the new insurance marketplace. The Department of Labor has now required that notices for employees must now be provided.
Employers that fall under the FLSA must provide the notice. Generally, that includes employers who have at least $500,000 in annual gross receipt volume and produce goods for or are engaged in interstate commerce.
Notice must be provided to all full or part-time employees. The model notices are available in two formats. One version is for employers that offer health coverage to some or all employees: http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf
The other version is for employers that do not offer health coverage: http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf
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