Have You Notified Employees of the New Health Insurance Marketplace?


Although employers, including financial planning firms, may be aware of the major provisions of the Patient Protection and Affordable Care Act, one of the provisions that may have slid under the radar is the requirement of employers to notify employees.

So don’t forget to send a notice to employees about the new health insurance marketplace, the collection of state- and federal-run health care exchanges that launched Oct. 1.

Whether you have 50 or more employees or whether you offer health insurance, employers have to send notice to their employees. If you offer group health benefits, check with your group health insurance provider and determine if they sent the notice regarding the health insurance marketplace before you take action on your own. You can find a copy of the model notice for employers who have plans at www.dol.gov/ebsa/pdf/FLSAwithplans.pdf.

If you do not offer group health benefits, you still need to send a notice. Find a model notice at www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf.

You can complete and hand deliver to employees, or mail, email, or post on your company intranet. If you have questions, the Department of Labor offers an FAQ.

Provide your current employees this notice every Oct. 1, and all new employees at the time of hiring. Employees who are seasonal, part-time or choose not to enroll in your health plan still receive the notice.

The Department of Labor has issued an update where the penalties for non-compliance were lifted, but whether or not this is temporary is unclear.

This is for informative purposes only and is not to be construed as legal advice. Consult experts and be aware of federal, local and state regulations and exceptions.

Mary DunlapMary Dunlap, CFP®
Mary Dunlap Consulting
Pottstown, Pa.

2 thoughts on “Have You Notified Employees of the New Health Insurance Marketplace?

  1. thank you for the useful info

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