Employers to provide health exchange notice by Oct. 1 - Beckley, Bluefield & Lewisburg News, Weather, Sports

Employers must provide health exchange notice to employees by Oct. 1

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • UPDATE: Power Restored to Over 400 in Raleigh County

    UPDATE: Power Restored to Over 400 in Raleigh County

    Monday, September 1 2014 12:33 PM EDT2014-09-01 16:33:12 GMT
    Emergency crews are responding to a downed tree on the 300 block of Stovall Road in Glen Morgan Monday (9/1) morning.
    Emergency crews are responding to a downed tree on the 300 block of Stovall Road in Glen Morgan Monday (9/1) morning.
  • Update: Names Released in Deadly Crash in McDowell County

    Update: Names Released in Deadly Crash in McDowell County

    Monday, September 1 2014 11:54 AM EDT2014-09-01 15:54:18 GMT
    Fatal Car Accident in McDowell CountyFatal Car Accident in McDowell County
    Two people were killed in a car crash Sunday, August 31. Troopers at the Princeton detachment of the West Virginia State Police said three people were traveling from Cheers in Princeton back home to Northfork when they crashed on Route 52 near Switchback. One man and one woman were killed and one man was sent to Bluefield Medical Center. Troopers told us in a statement made by the survivor, the man said the driver was drunk and driving too fast on wet roads when they lost control of the car.T...
    Two people were killed in a car crash Sunday, August 31. Troopers at the Princeton detachment of the West Virginia State Police said three people were traveling from Cheers in Princeton back home to Northfork when they crashed on Route 52 near Switchback. One man and one woman were killed and one man was sent to Bluefield Medical Center. Troopers told us in a statement made by the survivor, the man said the driver was drunk and driving too fast on wet roads when they lost control of the car.T...
  • Update: New Information Released in Raleigh County Murder Investigation

    Update: New Information Released in Raleigh County Murder Investigation

    Monday, September 1 2014 11:48 AM EDT2014-09-01 15:48:36 GMT
    Joe Collins is arrested on murder chargesJoe Collins is arrested on murder charges
    The Raleigh County Sheriffs Office made an arrest Sunday after a man was murdered in Glen White.Joe Collins was arrested and is being charged with 1st degree murder for the shooting and killing of Larry Totten.The incident occurred Sunday morning at Mr. Tottens residence.
    The Raleigh County Sheriffs Office made an arrest Sunday after a man was murdered in Glen White.Joe Collins was arrested and is being charged with 1st degree murder for the shooting and killing of Larry Totten.The incident occurred Sunday morning at Mr. Tottens residence.

Another deadline is fast approaching under the new health care law.

By Oct. 1, employers must notify their staff members about the existence of the new health insurance exchanges, inform employees they may be eligible for a tax credit if the plan has a certain cost and lastly, employers must notify the employees they may lose employer contributions to health benefits plan if they decide to purchase from the marketplace.

If an employee starts after the Oct. 1 deadline, the employer must notify the employee within 14 days after his or her start date.

Although the U.S. Department of Labor no longer will pursue a penalty on employers failing to comply, businesses still should take the deadline seriously, explained Katherine Capito, a Charleston Dinsmore attorney and Tyler Williams, from Dinsmore's Columbus office.

"It's still good advice to comply with the law, regardless of there being no fines," Williams said.

Capito said not providing notice could trigger an audit or additional Department of Labor enforcement and a review of the employer's plan.

Both attorneys explained the Department of Labor provides model notices that employers must provide. Williams said the notice has to be provided in writing.

"You can't merely orally notify your employees," Williams said.

The notice requirement is for businesses subject to the Fair Labor Standards Act, Capito said. Capito explained this act applies to all employers engaged in interstate commerce grossing more than $500,000 annually— even if it's just one person making $500,000 in annual revenue.

The attorneys also explained the act covers businesses that do not gross more than $500,000. Capito and Williams said it applies to businesses with 50 or fewer full-time employees not subject to the health care law's employer mandate.

Other approaching deadlines under the Affordable Care Act include open enrollment for the marketplace, which starts Oct. 1; the individual mandate, starting in January and the employer mandate, going into effect in January 2015.