New requirements for Small Business under The Employer Mandate of the Affordable Care Act

The Employer Mandate of the Affordable Care Act was extended to 2015 this past July.  However, the Department of Labor requires that a new form be sent to all employees by October 1, 2013. 

If your company has revenue greater than $500,000 and has one or more employees, a required form titled “Notice to Employees of Health Insurance Marketplace Coverage Options” must be sent to each employee which must include an analysis of whether the employer's health plan meets the "Minimum Value" and is "affordable" as defined in the IRS code. 

If you have any questions, please call our office