35 Days & Counting: Are you ready for the October 1st opening of the new Health Insurance Marketplace?August 28, 2013, 02:21 PM
If you’re like most employers and answered with What happens on October 1st? you’d be well advised to get up to speed quickly. On October 1st you’re required to provide a notice to all your employees regarding the quality and affordability of your current health insurance offering, how you anticipate it might change in 2014 and their new option to shop for coverage through the Marketplace. With potential penalties reaching $100 per day per person this requirement deserves your immediate attention. As importantly, you need to decide before issuing the notice whether you should make any changes in your insurance offering by January 1st to enable your lower income employees to take advantage of the new government health insurance subsidies. For more information, please contact John Peterson.