It's come to our attention that rumors are being circulated about penalties for employers who don't notify their workers of health exchanges available under the ACA. We want to share the information below that came to us from the Alaska Chamber.
According to Jerry Geisel of BusinessInsurance.com, employers will not be fined by federal regulators if they fail to distribute to employees health care reform law model notices about the availability of public health insurance exchanges.
Using a question-and-answer format, the U.S. Department of Labor said that while employers should provide such notices to employees by Oct. 1, "there is no fine or penalty under the law for failing to provide the notice."
While the Patient Protection and Affordable Care Act is clear that penalties cannot be imposed, "Internet-based rumors have circulated recently that employers could face penalties of up to $100 per day for failing to distribute the notice," Lockton Cos. L.L.C.'s health reform advisory practice said in a bulletin.
Remember that ACA covers both nonprofits and businesses. We have more information on how ACA affects nonprofits on the health insurance page of our website. Be sure to call us if you have questions.