Employers Exchange Notice to Employees

Effective March 1, 2013 all employers must provide a written notice to their employees regarding California state run exchanges. The notice will explain about the employees ability to purchase health coverage and compare plans. This is found in section 1512 of the Patient Protection and Affordable Care Act more commonly referrenced in the media as Obamacare.

This noification requirement begins the race to get all people in the United States to have minimum essential coverage beginning January 1, 2014.

Employers with 50 or more full-time employees will be taxed if they don’t offer health insurance that covers minimum value. Employers would also be taxed if one or more employees can get federal premium assistance to buy health insurance through an exchange. According to H.H.S., 

  • pays at least 60 percent of the cost of services
  • if a full-time employee premium does not exceed more than 9.5 % of household income

As with most all the sections of the act, specifics are hard to come by until the regualtors detail requirements of the notice.  Read the Law 

 

January 19th 2013 |

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Peter Green