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NFIB is committed to providing you with current information and tools to keep you compliant with the law.
Here are answers to frequently asked questions about this deadline:
What is this notice for?
Every employer whose business is subject to the Fair Labor Standards Act (FLSA), meaning most employers, must distribute a notice to all employees to let them know about their health insurance options, either within your company or in the new Health Insurance Marketplace, often referred to as “state exchanges.” This action is required by Affordable Care Act section 1512, which added section 218-B to the FLSA. For more info on the notice, use this link:
http://www.dol.gov/ebsa/newsroom/tr13-02.html
Do I as an employer have to provide this notice?
Yes, all employers with one or more employees should do so.
What is the deadline for this notification?
All employees must receive this notification by Oct 1, 2013. Also, any employee hired after October 1, 2013, must receive the notice within 14 days of their start date.
What if I fail to distribute this notice?
We have been told by the U.S. Department of Labor that there is no penalty for failing to distribute these documents. That said, we recommend that you not only give these forms to your employees, but that you also have them sign a document that states they did receive it. This could protect you in the event that you are ever asked to prove that you distributed it–by an employee or a government official.
What must this notice include?
Where can I or my employees go to find out if they can receive a premium subsidy and to view rates?
You can access the NFIB Public and Private Exchange, including plans that have subsidies, by going to NFIBHealth.com
Do I need to keep my group health insurance plan if my employees can receive a subsidy?
It may or may not be in your best interest to do so. Questions? Call the NFIB Health Exchange help hotline at 1-800-634-2669
Where can I or my employees find out more about Obamacare?
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