Wednesday, September 18, 2013

Vermont Health Connect - Deadline for Notifying Employees - October 1st!

All employers must send an exchange notice to all employees on or before October 1st, 2013.
 


U.S. Department of Labor (DOL) guidance issued under the Affordable Care Act (ACA) requires employers to provide employees with a notice regarding health care exchanges (now called "marketplaces").  This notification requirement applies whether or not employees are covered in the employer's health plan (if any), and whether they are full-time or part-time employees.
 

Employers must provide the notice to current employees, regardless of full or part-time status and regardless of enrollment in an employer's health plan, no later than October 1, 2013.  For employees hired after October 1, 2013, employers must provide the notice to new employees within 14 days of an employee's start date.  Employers are not required to provide a separate notice to dependents or other individuals who are or may become eligible for coverage under the health plan but who are not employees.  There are penalties for not doing so.
 

Please click on the link below to read more about the requirements.  You will see two sample notices.  One for employers who offer health insurance and one for employers who do not.

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