Businesses Must Provide Employees with "Exchange Notice" Health Insurance Information by October 1

Jenkins Insurance Services, a CRA Service Valued Provider, has provided the following information: As part of the Affordable Care Act (ACA), the Federal government and many states have created "Insurance Marketplaces" or "Exchanges" for individuals to obtain health insurance. As an employer, you are required by federal law to provide each of your employees (both part-time and full-time) with an Exchange Notice on or before October 1, 2013. For new employees hired AFTER October 1, 2013, you must provide the Exchange Notice within 14 days of the employee’s start date. You are not required to send a separate notice to dependents.

The Department of Labor (DOL) created a model notice, which we sent in our "Benefit Trends" update in May. Since you offer health benefits to your employees, you are required to send the attached Exchange Notice to all your employees. To facilitate this process for you, we have populated your employer information onto page 2 of the Exchange Notice. Please review and update prior to employee distribution. You can access the model notice on the DOL website at http://www.dol.gov/ebsa/healthreform/index.html.

This notice provides your employees with information that the Exchange would need to determine if that employee might be eligible for a subsidy. Again, this is an employer responsibility and these notices must be sent out to all (full-time and part-time) employees by October 1, 2013. Please contact your Leavitt Account Manager with any questions.

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