October 1, 2013 Affordable Care Act/Obamacare Deadline For Employers of ALL Sizes
In accordance with the Affordable Care Act/Obamacare, employers are obligated to provide notification to their employees of the new Health Insurance Marketplaces established by Obamacare no later than October 1, 2013. The notification requirement applies to any business regulated under the Fair Labor Standards Act, which covers all companies with at least one employee and $500,000 in annual revenue.
Luckily for employers, the notification requirement is fairly simple. In fact, the United States Department of Labor has already prepared two model notices that employers may use. One model notice is for those employers who currently offer health insurance coverage: http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf; the other for employers who do not offer health insurance coverage: http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf. Any employee hired after October 1, 2013 must be provided this same notice within 14 days of the start of their employment.