SBA: No penalties for dropping ACA employee-notification ball
09/23/2013
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Last week, we reminded you that the Affordable Care Act (ACA) requires employers to inform employees—by Oct. 1—that they may purchase health insurance for the 2014 plan year from state insurance exchanges.
Now the Small Business Administration has issued a coy blog post observing that the ACA doesn’t penalize employers that don’t comply with the notice requirement:
“Fact: If your company is covered by the Fair Labor Standards Act, you must provide a written notice to your employees about the Health Insurance Marketplace by October 1, 2013. However, there is no fine or penalty under the law for failing to provide the notice.”
Read it at www.sba.gov/community/blogs/communityblogs/health-care-business-pulse/. Scroll to “Myth vs. Fact: Myth #3.”
