Affordable Care Act (ACA) Notices Required by October 1
By October 1, 2013, employers must provide a written “Exchange Notice” under the Affordable Care Act (ACA) to employees. The employer must give this to all current and new full-time and part-time employees and seasonal employees. This notice is required even if you provide health insurance.
The notice tells employees of the option to purchase health insurance coverage through an insurance exchange. The notice also outlines benefits and consequences of choosing that coverage.
The U.S. Department of Labor has guidance for contents of the notice, which as a threshold, must include the following:
- The contact information of the health exchange available in the state;
- The services provided by the exchange available in the state; and
- Possible eligibility for premium tax credits or cost sharing reductions when health coverage is purchased on the exchange.