DOL releases model ACA notices, revises SBC template — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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DOL releases model ACA notices, revises SBC template

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in Office Management,Payroll Management

The Affordable Care Act (ACA) health care reform law requires you to provide all current and new employees with a notice regarding health insurance coverage by Oct. 1, 2013. For 2014, new hires must receive notice within 14 days of their start date. (Technical Release No. 2013-02)

The Department of Labor (DOL) also updated its FAQs and the summary of benefits and coverage (SBC) template for the second year of coverage. The only changes are the addition of statements regarding whether the plan provides minimum essential coverage and meets minimum value requirements. You won’t be penalized for not updating your SBC to include this information, if it’s included in a cover letter. The FAQs provide model language you can use in your cover letter.

Point your browser to the DOL's website for two model notices. Heads up: You must complete Part B on either form. The information blocks are numbered and correspond to the Employer Coverage Tool on the 12-page Health Insurance Marketplace application. You’ll also find the updated SBC, a completed SBC and the FAQs at this web page.

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