FOR IMMEDIATE RELEASE
Mandatory October 1st, 2013 requirement of all employers under the Affordable Care Act “ObamaCare”Temecula, CA, September 30, 2013 – Under the Affordable Care Act “ObamaCare”, all employers, regardless of size, have been ordered to provide a copy of Form 1210-0149 – New Health Insurance Marketplace Coverage Options & Your Health Coverage to their employees by October 1st, 2013. The form, which is to notify employees about the state-run exchange and their ability to purchase health insurance, can be downloaded from Meridian Payroll Group. Once downloaded, it can be printed on company letterhead and either hand-delivered, mailed, or emailed to the employee’s work related email address. All new hires, full or part-time, must receive the notice within 14 days of their start date.
The Department of Labor has issued two model notices. The first is to be distributed by employers that do offer a group health insurance plan. The second are for employers that don’t. Only one model should be used per employer. In addition to providing both models, Meridian Payroll Group has included a “verification of receipt” form for employers to have their employees sign and confirm receipt of Form 1210-0149.
Form 1210-0149 is comprised of two parts. Part A includes:
- A description of the Health Insurance Marketplace
- General information regarding employee’s eligibility to receive a tax credit to lower their monthly premium if the employer doesn’t offer health insurance or doesn’t meet certain standards (i.e. under the employer-sponsored health plan, individual coverage of the employee costs more than 9.5% of the employee’s annual household income or the plan doesn’t meet the “minimum value standard” since the plan’s share of the total allowed benefit costs covered by the plan is less than 60% of such costs)
- General information regarding the possibility of losing employer contribution if the employee purchases coverage on the exchange
- Contact information
The Health Insurance Marketplace open enrollment starts on October 1st, 2013 and the first requirement for all employers are to give their employees a copy of Form 1210-0149. For further information regarding what the Affordable Care Act “ObamaCare” is and to download the forms, visit Meridian Payroll Group.
About Meridian Payroll Group
Located in Temecula Valley, Meridian Payroll Group provides fully outsourced payroll processing options for usually 20% to 40% less than national payroll organizations and with superior customer service.
Meridian Payroll Group