Are you compliant with the affordable care act?
The Affordable Care Act requires employers to provide employees with a notice of the availability of the Health Insurance Marketplace (the “Exchangeâ€) that will be available Jan. 1, 2014. This is a requirement of all employers, regardless of size.
Employers were required to distribute the notice by October 1, 2013. If you have not yet done so, you should discuss it with your financial advisor or insurance agent. There are two model notices (depending on whether or not the employer offers a health plan) which can be found on the Department of Labor website under the “Notice to Employees of Coverage Options†section.
All employees, including full or part-time and those not enrolled in the employer-sponsored plan, are required to receive this notice. For newly hired employees, the notice must be provided within 14 days of their start date.
For further details, including Technical Release 2013-2, go to www.dol.gov.
Annette Hoelzer is a managing director of SS&G’s Columbus office and a director in the tax department. She leads the pharmacy niche for SS&G, servicing over 200 independent pharmacies through the United States, andalso specializes in the health care industry, providing an array of professional services, such as tax planning, budgeting, compensation reconciliations, and financial reporting. Annette can be reached at 614-488-3126 or This email address is being protected from spambots. You need JavaScript enabled to view it..