To All –
The Notice of Coverage options is now available. Please print out the attached and begin providing all workers with a copy. It can be printed on one piece of paper, front and back. Additionally, please post the attached in an area that all employees and workers have access to.
I’ve included the FAQ information directly from the Department of Labor website. Hopefully, this will assist you with answering any questions. At this time we are fulfilling the requirement by providing the notice indicating that we are not offering health care, however we do plan on offering coverage and are still working on obtaining the best option available. Further details will be provided when they become available.
Additionally, this notice is available on the hirequestllc.com 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:
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.