Fall 2013 – Newsletter
Obamacare
Affordable Care Act Insurance Marketplace
Effective October 1, 2013, all businesses that have $500,000 in annual revenue and one or more employees (full or part time status) are required to give written notice to every employee about the Affordable Care Act’s health-care exchanges. An employer who fails to give the required notice to all employees will be subject to a $100-per-day fine. Employers can send the notices by mail or electronically.