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: One lane of Route 20 near Hinton is back open

    BREAKING: Route 20 in Hinton blocked by rockslide

    Thursday, April 17 2014 6:39 PM EDT2014-04-17 22:39:43 GMT
    Dispatchers in Summers County are asking people to use caution this morning while traveling on Route 20.The road was closed at around 8:40 a.m. after rocks tumbled into the roadway.  Route 20 is closed
    Dispatchers in Summers County are asking people to use caution this morning while traveling on Route 20.
  • 1800s schoolhouse found in barn in Mercer County

    1800s schoolhouse found in barn in Mercer County

    Thursday, April 17 2014 6:38 PM EDT2014-04-17 22:38:55 GMT
    A property owner finds an old schoolhouse during demolition on his barn near the Moncalm area of Mercer County. Historians say the structure is the old Mullins School and believe it's hundreds of years
    A property owner finds an old schoolhouse during demolition on his barn near the Moncalm area of Mercer County.
  • Thanked an emergency dispatcher? It's their day

    Thanked an emergency dispatcher? It's their day

    Thursday, April 17 2014 6:06 PM EDT2014-04-17 22:06:19 GMT
    Thursday is national Dispatcher Day. We are also in National Public Safety Telecommunicators Week. It's a time to celebrate and thank those who dedicate their lives to serving the public and to set aside
    Thursday is national Dispatcher Day. We are also in National Public Safety Telecommunicators Week. It's a time to celebrate and thank those who dedicate their lives to serving the public and to set aside

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.