ObamaCare October 1 Deadline to Notify Employees
The Health Insurance Marketplace opens today, October 1, 2013. Employers with at least 1 worker and $500,000 in annual revenue are required to provide written notification to all employees. Notices should be provided to ALL part-time and full-time workers to help them understand the new health care options. If you haven't yet met the employee-notification requirement, distribute or mail the notices today. We recommend that all employers regardless of size provide the notification. This doesn't mean that you have to offer insurance
Employers may use their own letter or a sample provided by the Labor Dept.
Model Notice for employers who do not offer a health plan
Model Notice for employers who do offer a health plan
In either event, the notification also includes an explanation of the new health care exchanges or marketplaces and where to obtain additional information. I recommend that employers with health plans contact their insurance brokers if they have trouble completing the notice. It is most important to help employees understand their options and available resources.
For New York Employers, Small Businesses and Small Nonprofits:
New York’s official Health Plan Marketplace is now live (link provided below.) New York includes an estimator to determine premium costs and tax credits and many other resources. Individuals, small businesses, small nonprofits can shop for insurance, enroll in plans, and apply for financial assistance on New York’s website. Note that “small” means an employer (nonprofit or for-profit) with 50 or fewer employees.
NY Health Plan Marketplace
NY Small Business Resources