This is part of the Affordable Care Act and applies to all employers covered by the Fair Labor Standards Act.
According to the Small Business Administration, the notice should inform your employees:
- About what the new Health Insurance Marketplace is, and that open enrollment begins on Oct. 1, 2013
- That, depending on their income and what coverage may be offered by the employer, employees may be able to purchase lower cost private insurance in the individual Marketplace
- If employees buy insurance through the individual Marketplace, they may lose the employer contribution (if any) to their health benefits
If you’re wondering whether you have to comply with the Fair Labor Standards Act, take this test to see if your company meets the rules.
The Department of Labor provides sample notices that you can send to your employees:
For employers who offer health coverage – http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf
For employers who do not offer health coverage – http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf