An important deadline under the Affordable Care Act is approaching. ALL employers must notify current employees about the options available through the Exchanges (aka Health Insurance Marketplaces) no later than October 1, 2013. After October 1, employers must provide notices to all new employees. Employers must provide these notices whether or not they offer an employer-sponsored health plan and regardless of how many people they employ. You can find information on this requirement at the Department of Labor’s website.

At this time, the Department of Labor has released three temporary model notices for your use. The final ones should be available later this year; however, until those are available, you can provide your employees with temporary notices customized with your company information. The key documents that employers need to review regarding employee notifications are as follows:

Technical Release 2013-02 – Guidance on the notice to employees of coverage options under FLSA §18B and updated model election notice under COBRA

Model Notice for Employers Who OFFER a Health Plan

Model Notice for Employers Who DO NOT OFFER a Health Plan

COBRA Model Election Notice – revised to include info that in addition to COBRA, there may be other coverage options available through the Exchanges

Employers needing assistance with the preparation and content of their notices should contact their health plan advisor now.

Murphy Insurance Group Health Insurance customers may Contact Us for more information.

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Murphy Insurance stands as your steadfast partner in safeguarding your business from unforeseen challenges in today’s dynamic business landscape. In an era where comprehensive business insurance is not just a prudent choice but a vital one for ensuring the long-term stability and security of your enterprise, we are here to offer our expertise. Running a business inherently entails various risks that can potentially impact your financial stability and reputation. Learn more about our comprehensive business insurance solutions, which are meticulously designed to protect you from these potential threats, granting you peace of mind necessary to focus on the growth and prosperity of your business.