• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

No penalty for not providing ACA notice? Maybe, maybe not

by on
in Office Management,Payroll Management

The Affordable Care Act health care reform law required you to provide employees with notices regarding the health insurance exchanges by Oct. 1. The Department of Labor (DOL) first posted an FAQ absolving employers that didn’t provide these notices from penalties. However, later clarifications by the DOL imply that this isn’t a consequence-free zone—failing to provide notices may be a catalyst for a plan audit, or worse, penalties levied by the IRS.

• PAYROLL PRACTICE TIP: The lack of penalties aside, providing notices to employees can head off many questions they may now have about the health insurance exchanges, which became operational last month. The DOL created two model notices you can use.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/36845/no-penalty-for-not-providing-aca-notice-maybe-maybe-not "

Leave a Comment