If you have employees and you have gross income of $500,000, you are required to comply with the Fair Labor Standards Act (FLSA) regarding the requirement to provide notice to informing employees of their health insurance coverage options under your business and/or The Marketplace.
Employers must provide a notice of coverage options to each employee, regardless of plan enrollment status or of part-time or full-time status. Employers are not required to provide a separate notice to dependents or other individuals who are not employees.
Model Notice Provided:
To satisfy the content requirements for FLSA, model language is available on the Department of Labor’s website www.dol.gov/ebsa/healthreform/regulations/coverageoptionsnotice.html. There is one model for employers who do not offer a health plan and another model for employers who offer a health plan or some or all employees. Employers may use one of these models, as applicable, or a modified version, provided the notice meets the content requirements described above.
US Department of Labor recommendation is that you hand the completed Model Notice that is applicable to your business with paychecks and document which pay date you supplied the notice to the employees.