Notification for Your Employees
In our continuing effort to make sure our clients are up to date and
compliant with all the changes occurring with Health Care Reform, we
are sending you this information regarding the mandated Exchange
You may have already discussed this
with someone from our office and may already have received the form.
But to ensure that all our clients have the information, we felt it
better to provide it to everyone to make certain no one is missed.
Our apology if this is duplicate information.
Part of the Health Care Reform laws state that all employees must be
informed about the existence of the Exchange and that they could
apply for individual insurance through that exchange. The law
regarding the notification is very complex but the Department of
Labor has issued a "model" notification letter that you can use to
fulfill your obligation as an employer in this regards. Attached are
the notification letters including one in Spanish, if needed.
The deadline to provide this to your employees is October 1st
and it also must be given to all new hires after that date. There is
some information that would need to be completed by you, the
employer, on the form.
Steps to completing this document:
Page 1 towards the bottom under the "How Can I get More
Information?" section, after the word "Contact", you would put in
the name of the person in charge of the benefits at your company.
Page 2 asks for some basic information about your company in
the shaded area. Below that it asks for some information about who
would be eligible for coverage at your company. The typical answers
would be as follows:
- As your employer we offer a health
plan to: check "Some Employees. Eligible Employees are:" Under this
put in "Employees working X number of hours per week" where ‘X’ is
the minimum number of hours required for an employee to be eligible
for medical insurance.
- With respect to dependents: check "We do offer coverage. Eligible
dependents are:" Under this put in "Domestic partners, spouses and
children under age 26". It is important to remember that this
section is only asking whether dependents are eligible to enroll in
the plan and does not refer to whether or not your company pays any
part of the dependent premium.
- The last check box that reads "If checked, this coverage meets the
minimum value standard,…" should also be checked.
Again, the deadline for employees to receive this information is
October 1st so we suggest that you distribute this information
to your employees whatever way works best for your company’s
Since there is no personal information
on the form, a mass email is acceptable. It can also be included
with paychecks/paystubs during the month of September. It should,
however, be included with the forms and information you provide to
new hires going forward.
As always, we are available for any questions or concerns you may
have. So feel free to call or email us at 925-757-6018 or send me an
Juan Pablo Blanco, Grady Elliott and the Rest of the
Smeed Financial Team
201 Sand Creek Rd. Ste. E
Brentwood, CA 94513