Under the Affordable Care Act, employers with more than 50 full-time equivalent (FTE) employees must provide a one-time Notice of Coverage Options to all employees – even part time employees and regardless of whether or not coverage is offered. This notice helps build awareness of Health Insurance Marketplaces and any applicable employer-sponsored health coverage.
Two Notices were developed: one for employers who offer a health plan and one for those who do not offer a health plan.
Employers were asked to send a single statement to all current employees by October 1, 2013. Then, employers should make this notice a part of their new-hire process.
Here are the links to the respective Notices (in English and Spanish):
If you have any questions about this forms, contact us ASAP!
The main goal of this blog is to provide our clients and the community with information on health insurance and related subjects. For more information on the notices mentioned above, you may also contact the Department of Labor.
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