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IMPORTANT! REGARDING EMPLOYEE NOTICE OF EXCHANGE

Before October 1, 2013, employers must notify employees about  the availability of Health Exchange/Marketplace. In Michigan the Exchange will  be called Mi Health Marketplace. In summary, this requirement applies to essentially all employers and requires you, as the employer, to provide the Exchange Notice to all of your employees. Employers may  modify the template to meet their needs, but it must include some  employer-specific information.

The following are frequently asked questions and answers  regarding this requirement:

Which Employers? With some very limited exceptions, all employers, regardless of  the number of employees and regardless of whether or not you currently offer a  group health insurance plan must provide the Exchange Notice.

Which  Employees get the Notice? Notices must be provided to all active full-time and part-time employees.  Even if you do not currently offer a group health plan or, even if the employee has waived coverage if you do offer, they all must be notified.

What does the Notice have to say? The Department of Labor has provided a template and we encourage our clients to use
the template.  The Notice must provide some general information about the Exchange/Marketplace and some specific information about your company. Further, the Notice explains that employees can purchase health insurance from private insurance companies through a health insurance exchange known in Michigan as the Mi Health Marketplace.

When does the Notice have to be Sent?
Before October 1, 2013 is the short answer. Employers were originally required to provide this notice by March 1, 2013; however, because most all of the information required was not yet available, the deadline was delayed to October 1, 2013.  For employees hired on and after October 1, 2013, notice of the Marketplace must be provided within 14 days of hire.

How does the Notice Get Sent? The Notice must be provided in print or through electronic delivery for those of your employees who have access to a computer at work with an assigned company email. It is recommended that you retain a signed copy of the notice from each employee for your records.