All Employers* are required to provide a notice to all employees of the January 1, 2014 opening of the new Health Insurance Marketplace (formerly “the Exchange”) no later than October 1, 2013. The notice will include information on the availability of government subsidies and premium tax credits designed to help lower-income households afford health insurance (if it’s not offered by their employer). The notice will also disclose whether you intend to offer “affordable” coverage at your 2014 renewal. Whether you’re a small or large employer, and whether you offer group health insurance or not, you must distribute the notice by October 1st.
The DOL has issued a “model” notice and guidance on the required disclosures. Preparation of the notice is likely to produce substantial angst for you and will create widespread confusion for your employees. In light of the government’s planned media blitz promoting the Marketplace, it’s important to begin planning now for how you’re going to handle the announcement and address employee questions and concerns.
Kaufman & Canoles invites you to attend this important and timely webinar that will address the following issues:
- I’m a small employer exempt from the mandate, do I need to distribute the notice?
- What makes my insurance offering ‘affordable’ and what does that mean to my employees’ opportunity for subsidized coverage?
- If I’m a large employer how do I address the tension between my penalty avoidance and my employees’ access to government subsidies?
- What are the required disclosures in the model notice?
- What problems should I anticipate when I provide the notice to employees on October 1st?
- Most importantly, what planning opportunities exist to avoid or minimize the impact of the new penalties and still look out for my employees?
During this 60-minute complimentary webinar, our presenters will provide a comprehensive review of the requirements and practical answers to these and other issues.
Wednesday, June 19, 2013
12:00 p.m. – 1:00 p.m.
*Employers subject to the Fair Labor Standards Act. You are subject to FLSA if you have more than $500,000 in gross revenue and are involved in interstate commerce.