New York, NY (PRWEB) September 27, 2013
The Patient Protection and Affordable Care Act (“ACA”) passed in 2010 has survived scrutiny and remains in effect. ACA is a complex statute with implications for almost all employers and guidance and updates are emerging almost daily from the federal government. Employers won a reprieve this summer, when the federal government announced they must provide coverage, or face penalties, for workers beginning in January 2015, instead of the date initially contemplated, January 2014. In the interim, small employers in particular need to contemplate and answer the following preliminary questions about the ACA:
All employers with one or more employees must provide notice on or before October 1, 2013 of the implications of ACA for them as employees and individuals and of their right to access coverage through the new state and federal health care exchanges.
A model notice may be found at http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf.
The full client alert may be found for free at Forefront's website:
Forefront Law Group is a unique and innovative New York City-based corporate law firm with expertise in venture capital, private equity, securities, M&A, banking and real estate. Forefront was founded by ex Cravath Swaine & Moore lawyer Jason Gabbard.