Yes. By October 1, 2013 all employers, large, small, those offering health insurance, and those not offering health insurance, must notify all employees of their options. The US Department of Labor has created 2 forms, one for employers offering and one for employers not offering coverage. Here are links to the forms;
We can assist you in completing the forms. Just send us an email.
Yes. One of our Marketplace certified agents had the wonderful opportunity to have a presentation recorded. You may watch it here http://youtu.be/gnl5lSMAPnc
Subsidies will be calculated at the time you apply through a government exchange. On July 5, 2013 the Federal government has relaxed the rules that exchanges must verify income levels on individuals for the 2014 year. This means that exchanges can only conduct random checks of income levels for 2014.
A household with an income level of less than 400% of the federal poverty level may qualify for a subsidy.
On July 2. 2013, the Obama Administration announced that it is delaying the employer mandate until January 1, 2015. This means that employers that employ 50 or more employees will not be subject to providing affordable insurance or paying a penalty. This does not however, delay the start of the individual mandate that will become effective January 1, 2014. The individual mandate requires that individuals must carry insurance as defined in the law or pay a penalty in 2014 of the greater of 1% of income or $95. This amount increases in the following years.
The health insurance reforms adopted as part of the Patient Protection and Affordable Care Act (PPACA), and the subsequent reconciliation bill, are phased-in over 5 years. Most provisions will not take effect until January 1, 2014. There are also modifications to certain provisions that will change in the years after 2014. However, there are some new protections that have already been implemented: