The Affordable Care Act (more commonly known as "Obamacare") includes an employee notice requirement with an Oct. 1 deadline, a recent ASPPA ASAP notes. According to Lawrence C. Starr, CPC, QPFC, who authored the alert, most businesses with $500,000 or more in annual dollar volume of sales or receipts are required to provide this notice.
The notice must be provided to current employees by Oct. 1; new employees hired after that date must receive it within 14 days of their start date.
The DOL has provided model notices, but the ASAP recommends reviewing the issue with legal counsel as to: (1) whether you should provide the notice; (2) what the content should be; and (3) what the risk would be if you don’t provide the notice.
Additional details on the notice, including clarification of uncertainty regarding the consequences of failure to provide the notice, are provided in the ASAP, here.
