Under the federal health care reform law, employers subject to the notice requirement must give each employee a written notice about the health insurance Marketplace. Which of the following must that notice address?
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Why D is correct
The employer notification responsibility created by ACA Sections 1511-1515 requires a written notice informing the employee of the existence of the Marketplace and the services it provides, explaining that the employee may be eligible for a premium tax credit and cost-sharing reductions if the employer's plan is unaffordable or fails to provide minimum value, and warning that electing Marketplace coverage may cost the employee the employer's contribution and the tax benefit that goes with it. An employer that omits the notice is the one exposed; the agent's role is usually to supply a compliant template.
Why the other options are wrong
- A) Wage reduction is not a subject of the Marketplace notice required by ACA Sections 1511-1515.
- B) Rescission rights belong to the health coverage rules, not to the required Marketplace notice to employees.
- C) Continuation coverage rights are addressed by other federal law, not by the required Marketplace notice.
Memory hook
The notice says: Marketplace exists, credit may apply, employer money goes away.