Not all the employer requirements of the Affordable Care Act (ACA) have been delayed until 2015. There are still actions employers have to take to prepare for the new law, and one is due on October 1st! Many employers are required to issue a Health Insurance Marketplace Notice by this deadline.
Do I need to issue the Notice?
Any employer subject to the Fair Labor Standards Act (FLSA) must comply with the Notice requirements. In general, FLSA applies to:
Employers that employ one or more employees engaged in or producing goods for interstate commerce and who have annual revenue of at least $500,000.
Most not-for-profit, educational and governmental organizations, regardless of revenue.
For those employers who must issue a Notice, the Department of Labor (DOL) has issued two model notices. You may view them here.
One applies to employers who do not offer employer-sponsored health benefits. The other applies to employers who do offer health benefits to eligible employees.
If you need additional help taking the steps necessary to be in compliance with the Notice requirements, click here to view the guidelines provided by consulting firm BerryDunn.
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