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ObamaCare Update

The Affordable Care Act (ObamaCare) is so large that everyone is still trying to learn what is in it and of course small business owners are concerned about how it affects them. One thing that just came to my attention is a little known provision that any business who has at least one employee and sales of at least $500,000 per year will be required to give a notification in writing to their employees about the existence of the health care exchanges by October 1 of 2013. Failure to provide these notices to employees could result in a fine of $100 per day.

Attached are two examples directly from the Department of Labor that should satisfy that requirement. One document is for employers who do not provide health care to their employees and the other is for employers who do provide healthcare. For more information go the healthcare.gov.

Additional Information Obama Care 9.18.13

Employer has Health Insurance for Employees

Employer does not have Health Insurance for Employees

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