No later than October 1, 2013, all US employers, regardless of size or whether the employer offers a health plan, are required to distribute a Notice of Exchanges and Subsidies to each employee (regardless of part-time, temporary, full-time or health plan enrollment status).
Also, beginning on October 1, 2013, this notice must be provided to each new employee within 14 days of the employee’s start date.
Model notices (one for employers that offer a company-sponsored health plan to some or all employees, and one for organizations that do not offer an employer-sponsored health insurance plan), may be found attached to this article.
The purpose of the Notice of Exchanges and Subsidies is to inform employees of the existence of Health Insurance Exchanges (also called Health Insurance Marketplaces) as well as potential federal subsidies available to them in 2014. If the employee decides to purchase health care insurance in the Exchange, the employee may use this Notice provided by the employer to enter certain information on the application.
The Exchanges are government-provided virtual marketplaces intended to offer individuals and small groups “one-stop shopping” to find and compare private health insurance options. Open enrollment for health insurance coverage through the Health Insurance Marketplaces begins October 1, 2013 and coverage is available beginning on January 1, 2014.
Please contact Mary Williams Matthews at JPS, 828-225-3702 or email@example.com if you have further questions regarding your responsibilities under this notice, or other aspects of the Affordable Care Act.