Employer Notice Requirement – Action Required
The Affordable Care Act (ACA) (otherwise known as “Obamacare”) requires all employers covered by the Fair Labor Standards Act (one or more employees and $500,000 in annual business volume in interstate commerce) to notify all of their employees (full and part-time, bargaining unit and non-bargaining unit) of the availability of employer-provided health care coverage and coverage by exchanges beginning January 1, 2014. The notice, provided by the DOL, must be provided to every current employee no later than October 1, 2013 and within 14 days of the start date for new employees thereafter. The notice may be sent by regular mail or email. Also, employers’ notices regarding continuation of health coverage on termination of employment – COBRA notices – also must be updated with the exchange information.