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Posts Tagged ‘notices’

Help Squad: Will Medicaid errors result in $4K tax penalty for couple?

Thursday, June 30th, 2016

The Chicago Tribune reports:

“Dear Help Squad,

I hope you can help us get the documents we need so our health insurance is not canceled.

For 2015, we signed up for medical insurance through the health care marketplace. The agent who assisted us determined our income level qualified my wife and me for coverage under Illinois Medicaid, which we continued throughout 2015.

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Are employers that don’t provide health insurance required to send exchange notices?

Friday, July 12th, 2013
Issue: Your company does not offer health insurance coverage. Does it need to provide notice to employees about the health insurance exchanges created under the health reform law?
Answer: If your company is covered by the Fair Labor Standards Act (FLSA), it does. The Patient Protection and Affordable Care Act (ACA) requires employers subject to the FLSA to produce and distribute notices to employees about the health insurance exchanges (also known as marketplaces).

These notices were originally required to be distributed by March 1, 2013. But in January 2013, the Department of Labor (DOL) delayed this requirement until it had time to issue further guidance. On May 8, 2013, the DOL issued Technical Release 2013-02, which specifies that the notices now must be provided by October 1, 2013. That is the date that open enrollment begins for the exchanges, which become effective in January 2014.

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