Under the health care law regarding the Affordable Care Act, many employers must notify their employees about the Health Insurance Marketplace by October 1, 2013.

Three things you must tell your employees

If your company is covered by the Fair Labor Standards Act (generally companies with at least $500,000 in annual dollar volume), you must inform employees:

• About the existence and purpose of the Health Insurance Marketplace
• That they may be able to get lower costs on private insurance based on their income
• That if they buy insurance through the Marketplace, they may lose the employer contribution (if any) to their health benefits

You must provide these notices to all new hires and part-time and full-time employees by October 1, 2013. This is true regardless of whether they’re enrolled in your health care plan (if you have one).

You can find more details and guidance on employee notices from the U.S. Department of Labor.

 

• Model notices for your use:

HealthCare.gov, What your employees need to know about the Marketplace?

• For more information about the penalties:

Fox Business, Business Owners may Face $100-Per-Day Penalty Under ObamaCare.

• The Fair Labor Standards Act:

Learn more about whether the law applies to your company.