What should be included in the notice and how do I prepare a written notice if I have not yet informed my employees?
The notice should inform employees about three major components:
*General overview of the Health Insurance Marketplace
*That, based upon their income and type of coverage available through the employer,
the employee may be able to obtain lower cost health insurance in the Marketplace
*If employees choose to buy insurance through the Marketplace, they may lose any
employer contribution to their health benefits
In order to assist employers with this Affordable Care Act requirement, the US Department of Labor (DOL) has issued two model notices where employers can fill in the company specific information, print and send to their employees. This written notice may be sent electronically or in hard copy. Below are two active links to the DOL website for each specific model notice.
Model Notice for employers who offer a health plan to some or all employees.
Model Notice for employers who do NOT offer a health plan.
For model notices available in Spanish and MS Word format.
You're Invited! Annual Not-For-Profit Accounting Update
Thursday, September 26, 2019
Hosted at Detroit Historical Museum
Save The Date!
Middle Market Manufacturing Outlook
Wednesday, October 23
Hosted at the Detriot Athletic Club
7:30 AM - 11:30 AM