In May, the U.S. Department of Labor launched model notifications that employers need to complete and give to their employees regarding the state medical insurance exchange.  Like much of the  materials created by government, the notifications are long and  full of complicated ideas.  They’re enough put you to sleep.

But disregarding the model notifications would be a bad tip. That’s because under the regulation, every company is required to give to each employee the notifications by Oct. 1, 2013. If you are late, that is better than not doing it at all.

For starters,  the state health exchanges are now called “Health Insurance Marketplaces.”  Many individuals will benefit by a monthly subsidy. Many, many people will  be able to buy health insurance at a lower rate than they currently have.

The letter that is linked here illustrates what the Exchange is and illustrates if the employer has group coverage that it offers of if it does not offer coverage.

Here is the  Model notice with health benefits  : Model Notice WITH plan FLSA Model notice without healthbenefits:  Model Notice without health plan plan FLSAwithoutplans

Open the document and scroll down and fill in the appropriate areas.

Below is  how you can approach managing the requirement based on 2 possible situations:

Scenario 1: You already supply insurance and will remain to doing so. Fill out Model Notice with plan.

People are unsure of what to think about the law. They fear that they will be audited, examined, and taxed to death.  That should go away as time passes. It will become more easy to understand once you understand the basics.

Basically it states that the amount of premium that the employee contributes on his or her behalf is less than 9.5% of their income. Most plans and employers will fit into that scenario easily.

Scenario 2: You do not offer a health insurance now. Fill out the Model Notice without  plans.