The ACA modified, amended and revised healthcare, health insurance and plan administration since its 2010 enactment. In tandem the ACA has also been modified, amended and revised since its enactment. In October 2013 employers were required to notify all employees about the state and federally run health exchanges. This was a pressing and well publicized mandate. We want to remind all employers that this requirement is still in effect.
All employers regardless of size and employee type are required to notify employees about the availability of exchange based coverage. Full-time and part-time employees must be provided the notices.
Two Types of Notices
1.) For employees who will not have access to employer provided coverage
2.) The other is for employees offered coverage or expected to be offered an employer based plan
- In addition to providing existing employees the notice, all new hires must be provided the notice within 14 days of hire. Bridgeport recommends providing the notice with your new hire materials at the time of orientation
- The notice can also be delivered via 1st class mail or by email (electronic delivery). Please contact a Bridgeport representative about the safe harbor requirements for electronic delivery
Quick Reference Guide on the ACA:
- Health insurance exchanges are the online marketplaces where individuals and small business may purchase health insurance effective January 1, 2014
- Small groups are those with fewer than 51 full-time employees
- In 2016 small groups are defined as those with fewer than 100 FT employees
- All individuals are eligible to purchase coverage through the exchanges
- Exchanges will connect eligible individuals with financial aid towards the purchase of coverage
- The CA exchange is known as Covered California and in NV it is Nevada Health Link
Contact Bridgeport Benefits for any more questions on the Health Care Exchange requirements and/or all of the updates in the Affordable Care Act up to this point.