From healthy young adults to senior citizens to individuals struggling with chronic diseases, the effects of the Affordable Care Act (“ACA”) will be far-reaching for members. As of January 1, 2014, new regulations will provide most Americans access to health insurance that covers essential care. Attorneys need to understand the impact ACA has on them as individuals as well as employers. You’ll need to evaluate how ACA influences your medical insurance buying decisions and the impact the change will have on your employees.
One thing is for certain: the amount of healthcare reform information available to absorb is overwhelming. While much of the following may not be new to you, we hope to provide members with the information and guidance necessary to help review the decision making process that lies ahead for their practices, their families and their employees.
For more information on Healthcare Reform, please visit www.MercerHealthOptions.com.
Employer Required Notices
Employers, whether they provide health insurance to their employees or not, must distribute notices to their employees advising them of the existence of the new state health insurance exchange and the potential availability of subsidies to assist with the purchase of health insurance. The notices are required to be distributed prior to October 1, 2013.
Federal regulators released model notices, copies of which appear below, that employers can provide to employees to satisfy the federal health care reform law notice requirement. Among other things, the notices from the U.S. Department of Labor — one for employers who offer a health plan to some or all employees, and one for employers who do not offer a health plan — explain how exchanges will operate, and that certain conditions will have to be satisfied for employees to obtain federal premium subsidies to purchase exchange-provided coverage. Employers can provide a link in the notice to a Department of Health and Human Services website, www.healthcare.gov, for information on specific state exchanges.
Employers who offer health plans
Employers who do not offer health plans