Welcome! Login | Register
 

Will Worcester Give Its Heart to Yet Another Hockey Team—The History of Hockey in Worcester

A History of Hockey in Worcester—A History of Hockey in Worcester

Celtics Host Paul Pierce, Doc Rivers & The LA Clippers Tonight—Celtics Host Paul Pierce, Doc Rivers & The…

Pro Hockey is Returning to Worcester in 2017—NEW: Pro Hockey is Returning to Worcester in…

10 Great Pets in Need of Loving Homes - Feb. 9—Calling all animal lovers! - 10 Great Pets…

FBI Files - The Patriarca Papers - Entry 27 (Rocky Marciano, John Chafee, and Joe Mollicone)—FBI Files - The Patriarca Papers - Entry…

Cheat Sheet 27, FBI Files: FBI Tips League About Patriots’ Betting, Chafee’s Impact on Patriarca—Cheat Sheet 27, FBI Files: FBI Tips League…

Broncos Win Super Bowl 50, 24-10 Over Carolina—Broncos Win Super Bowl 50, 24-10 Over Carolina

Monfredo: Moving Up School Starting Time On The Secondary Level - A Community Discussion—Monfredo: Moving Up School Starting Time On The…

Inside The Matchup: Super Bowl 50 - Broncos vs. Panthers—Inside The Matchup: Super Bowl 50 - Broncos…

 
 

Smart Benefits: Employer Exchange Model Notice Released Early

Monday, May 27, 2013

 

The health insurance Exchange employer model notice and guidance to employees was released last week by the Department of Labor, ahead of its expected release date.

Notice Drivers

The notice is required by healthcare reform as another means to expand access to quality healthcare for consumers. It has three primary purposes:

  • To explain coverage options to employees available through the state Exchange marketplaces, which open for business on January 1, 2014.
  • To help employees find out about possible premium tax credits if the employer's health plan does not provide minimum value or affordable coverage.
  • To inform employees that they could risk losing any employer contribution and the tax deductibility of the employees’ share of the premium if they purchase through the Exchange
     

Model Requirements

There are two versions of the model notice: one for employers who provide health plan coverage and another for those who don't.

The former includes sections for the employer to complete about whether its coverage is affordable and provides minimum value. Employers should make sure they have done calculations to determine affordability and get certification of minimum value before distributing these notices to employees.

Distribution Deadline

With open enrollment for the Exchange marketplaces running from October 1 through December 31, the notice must be provided no later than October 1 to existing employees and within 14 days of hire for new hires starting after October 1.

Employers must distribute the notice to employees in writing either by first class mail or electronic means, as long as the employer follows the safe harbor process.

Amy Gallagher has over 19 years of healthcare industry experience. As Vice President at Cornerstone Group, she advises large employers on long-term cost-containment strategies, consumer-driven solutions and results-driven wellness programs. Amy speaks regularly on a variety of healthcare-related topics, is a member of local organizations like the Rhode Island Business Group on Health, HRM-RI, SHRM, WELCOA, and the Rhode Island Business Healthcare Advisory Council, and participates in the Lieutenant Governor’s Health Benefits Exchange work group of the Health Care Reform Commission.

 

Related Articles

 

Enjoy this post? Share it with others.