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Sep 21Terry Frisk

Affordable Care Act Notification Requirement for Small Businesses

Sep 21Terry Frisk

Many small businesses have not been paying much attention to the requirements of the Patient Protection and Affordable Care Act because they have fewer than 50 employees which is the threshold for application of most of the rules. However, businesses subject to the Fair Labor Standards Act (which includes most businesses with annual revenues exceeding $500,000 or engaged in interstate commerce) must provide notice of coverage options available through the Health Insurance Marketplace even though they have fewer than 50 employees. The notice must be provided to each employee (full-time and part-time) regardless of whether the employer offers coverage. The notice must be provided no later than October 1, 2013 for current employees and given to new employees hired after that date.  Additional information on the reporting requirement, including a model disclosure notification, is available on the U.S. Department of Labor website.

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