The Affordable Care Act exchanges/marketplaces are required to notify employers of any employees who have been determined eligible for advance payments of the premium tax credit or cost-sharing reductions (i.e., subsidy) and enrolled in a qualified health plan through the exchange.
A few weeks ago the U.S. Department of Health and Human Services (HHS) began issuing these notices to employers for 2016. If you received such a notice, this means that at the time of applying for health care coverage through the exchange, the employee indicated that:
- you made no offer of health coverage;
- you offered health coverage, but it either wasn’t affordable or didn’t offer minimum value; or
- he or she was unable to enroll in the health coverage due to a waiting period.
Now, receiptRead More