Yes, there has been a lot of hype about the requirement for ALL employers to provide written notice about the Health Insurance Marketplace. Much of this hype has been promoted by companies wanting to sell you the “correct” wording and method to meet the requirement. But is that really necessary?

Yes, if you are subject to the Fair Labor Standards Act, the law requires you to provide this notice. But what happens if you don’t. Well, nothing. There is no fine or penalty for failing to provide this information. [Note: this could change in the future.]

But MORE IMPORTANTLY, what happens if you do? Here are three things to consider.

1. Your employees will know where to find the information they need to make good decisions about their health insurance.

2. Your employees will be more likely to buy the health insurance (rather than pay the penalty), making them less likely to have an financial emergency if there is a medical emergency.

3. Your employees will be more likely to have FREE preventive medical care, meaning your workforce will likely be healthier and happier (saving YOUR business money in the process). And the savings will be even greater if you are already providing health insurance for your employees.

So how do you provide this notice. Simply link below to get FREE model wording.

For those employers who do not provide health insurance: http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf.

For those employers who do (or will) provide health insurance:
http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf

For those employers who are considering providing health insurance: e-mail ConoverCPA@yahoo.com.