Patient Protection and Affordable Care Act – Requirement for 2013

 

Patient Protection and Affordable Care Act

Requirement for 2013

 If you were like me, since I have under 50 employees, I thought I slipped under the PPACA act radar.  But today, I found out that is not necessarily correct.  So read on so you can comply for 2013.

 You are required to give notice.  The notice requirement applies to all employers that are covered by the Fair Labor Standards Act. That generally means employers who have at least $500,000 in yearly business (based on gross receipts from sales over a 12-month period), and that engage in, or produce goods for, interstate commerce. That is most of us!

 If the notice requirement applies to you, you need to provide a one-time written notice to all of your current employees (full time and part time, and regardless of whether or not you are providing them with health benefits) about the Health Insurance Marketplace by October 1, 2013. You will also need to give notice to all future hires within 14 days of employment.

Luckily, the government has issued a “fill in the blank” form which lets you meet this requirement.

 If you are NOT providing health insurance, click here for a downloadable form.

If you ARE providing health insurance, click here for a downloadable form.

 These forms must be mailed to all employees by October 1, 2013!!!  I would also have a copy that each employee signs and dates and put it in their employee file.

 The fine for not doing this is $100 per day!!!!  YIKES! Obamacare here we come!!!!

If you belong to VIN, here is their FAQ on subject.  Click here.

 

 

 

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