Household Employers & Notice of Coverage Options

As part of the Affordable Care Act (otherwise known as ACA or Healthcare Reform), the new federal law requires all employers, including household employers, to give their employees a Notice of Coverage Options which explains the new Health Insurance Marketplace by October 1st, 2013. The following highlights what actions household employers should take by October 1st to ensure they are compliant.

• Provide a Notice to all employees by October 1st. This should inform your employees about the coverage options that are available and the new Health Insurance Marketplaces. The Marketplace allows individuals to compare health insurance plans offered by private insurance companies.
• There are two sample forms that the Department of Labor provides depending on whether you currently offer your employees health coverage or not. You should start with one of the model notices below and fill in the required information as it pertains to you as their employer.

I Currently Provide Health Insurance Coverage    Spanish version

I Do Not Currently Provide Health Insurance Coverage    Spanish version

• Also effective October 1, 2013, you must begin to distribute the Notice to any new hires within 14 days of hire.

Please visit Healthcare.Gov for more information about the Affordable Care Act and any new updates or requirements.

Since there are many details yet to be finalized, we understand that you may have questions. Our licensed insurance brokers are continuing to sort through various options so we may best serve your needs. As this law and the health care exchanges continue to evolve, we will keep you informed on new ways we can help.

For more information, please contact us at (800) 929-9213 or email us.

Note: This material is offered for general information only and is subject to change based on new government requirements.