New England Insurance Agent Blog

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Remind employers about October 1 ACA deadline

On October 1, employers with one or more employees and $500,000 or more in revenue are mandated under the Fair Labor Standards Act (FLSA) to notify employees about their health coverage options under the Affordable Care Act. Employers must provide a notice of coverage options to each employee, regardless of plan enrollment status (if applicable) or of part-time or full-time status.

 

If health insurance is a coverage you provide, take note - but even if it isn't, a courtesy reminder to commercial insureds offers a good opportunity to touch base.

 

Plus, as an employer yourself, your agency is also subject to the law.

 

We found a good summary of the notification obligations from a CPA firm or from our EAP, or you can go directly to the source: Department of Labor: Guidance on the Notice to Employees of Coverage Options under Fair Labor Standards Act

 

Here are additional helpful ACA resources:

 

Healthcare.gov

 

Kaiser Family Foundation - Health Reform

 

NAIC: Health Care Reform Frequently Asked Questions (FAQ) - Employers

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