Although the government does not really issue letters such as the one below to small employers, they probably should!
Dear Mr./Ms. Generous Employer,
We are so grateful that you have decided to take the high road and help your employees purchase health insurance at reduced costs. By doing so, you are not only helping them remain compliant and meet the insurance mandate, but you are spending your hard-earned dollars to assist them with paying for their insurance premiums! Because of your generosity, we are able to throw more money toward premium subsidies for individuals without access to such generosity. Although you have fewer than 50 full-time equivalent employees and do not have to provide insurance, we are most appreciative. As a token of our thanks, please make sure you comply with all of the requirements that go along with providing such a generous benefit. Please note that you must provide employees with a:
Summary of Benefits and Coverage (SBC) to all employees that are enrolled in a group health plan
General notice of pre-existing condition exclusion
Notice of special enrollment rights
Wellness program disclosure
Notice of appeals process
Description of rights with respect to hospital stays in connection with childbirth
Women’s health care rights act notice
Employer notice regarding premium assistance under Medicaid or CHIP
Medicare Part D creditable status notice
HIPAA certificate of creditable coverage-upon request
Notice lifetime limit no longer applies and enrollment opportunity
Patient protection disclosure
Notice of grandfathered status
Notice of Marketplace Coverage
Oh, and by the way, what happens if in the midst of working hard to run a profitable business you accidentally neglect to provide one of these notices? Well we will simply impose fines and penalties on your company. That’s the government’s way of showing appreciation!
Simply put, small and large employers alike need the assistance and expertise of one of our Healthy Solutions Insurance agents to meet all of the compliance requirements imposed by the government. Please call us today at (800) 339-3882 and let us ease the bureaucratic burden!