More Information Released on Health Insurance Marketplace
More Information Released on Health Insurance Marketplace

More Information Released on Health Insurance Marketplace

More information has been released about the health insurance exchange—now called the Marketplace. A redesigned Healthcare.gov website provides information, questionnaires and checklists to help individuals and businesses prepare for the individual coverage mandate taking effect January 1, 2014 and the employer shared responsibility provisions taking effect in 2015.

A recent study shows that 59% of Americans do not know that health care reform is a law, and that it is being implemented. As an employer, you are in a position to keep your employees informed about the upcoming changes. In fact, employers will be required to distribute written notices about the health insurance Marketplaces to all employees by October 1, 2013. You can find example notices from the Department of Labor here.

Here are some quick facts about the new Marketplace:

* The Marketplace presents individuals with a view of all their options and allows them to enroll in plans that cover a core set of benefits called essential health benefits (including emergency services, prescription drugs and maternity care)
* Open enrollment is scheduled to begin October 1, 2013
* Insurance plans in the Marketplace are offered by private companies
* The Marketplace is run by either state or federal governments
* Individuals may qualify for subsidized coverage through the Marketplace, depending on their financial situation

The new Marketplace is just one of many changes that will affect your organization, your employees and your benefits structure. Learn more about health care reform’s impact to your business: check out our health care reform resources page.

More to Discover

CFO

Compliance Guide for Finance Leaders

Compliance Guide for Finance Leaders

As part of our commitment to help Finance leaders make a difference in their organizations, we’ve published this compliance deep dive to help you stay current and effective in a fast-paced and changing world. Inside you’ll learn: How to maintain compliance with federal regulations through the employee lifecycle Potential violations to watch for and tips to avoid them Expert advice on how HR can mitigate risk Complete the form and get your 2019 Compliance Guide instantly.

HR COE Compliance Benchmark Quiz

HR COE Compliance Benchmark Quiz

Is your organization at risk? The path to achieving excellence in recruiting is a continual journey that evolves over three phases. To find out what phase you’re in and get a customized action plan. TAKE OUR QUIZ TO FIND OUT: Quiz will load down below shortly Content loading... Please enable javascript! Compliance Benchmarking Quiz What’s preventing you from attracting and hiring top talent? To get to the next level, analyze your current compliance practices to find out where you are at risk. Then develop strategies to address those problem areas. Based on your responses, you’re in Phase 1: To get to the next level, look for the right technology to proactively monitor compliance. When you find the right fit, invest in technology to lay...

3 Steps to a Successful Year End

3 Steps to a Successful Year End

Year-end is a busy time for businesses, and it can be stressful to think about all the things you need to do to prepare for the end of one year and the beginning of the next. To help you avoid uncertainty and desperation, follow this 3-step guide to ensure a successful year-end.

What's Changing in 2019 Infographic

What's Changing in 2019 Infographic

Regulation changes, wage increases and new contribution limits…oh my! Here’s a look at the latest updates that are likely to impact your organization in 2019.