ACA Exchange Notice October 2013 Deadline
Starting October 2013, the Patient Protection and Affordable Care Act (ACA) requires employers to distribute to employees a notice about the new Health Insurance Exchange (or “marketplace”).
It’s one of the “Employer Responsibilities” under the federal healthcare reform law. Although the ACA’s Shared Responsibility (“play-or-pay”) and IRS reporting requirements for organizations with 50 or more employees have been postponed, the ACA’s notice rule has not been delayed. Starting October 2013, organizations with as few as one employee must deliver the new ACA notice.
The US Department of Labor (DOL) issued guidance in May 2013 detailing the requirements. We’ve taken the ACA notice rule and the DOL’s guidance and produced a new FreshFocus to help employers comply with the mandate.