For Immediate Release: Wednesday, November 13, 2013
DC Residents, Businesses Show Strong Demand for Affordable, Quality Health Insurance
More than 1100 Account Holders Have Chosen Coverage for 2014
(Washington, DC) — The DC Health Benefit Exchange Authority today released new data showing strong interest by people and businesses in the District of Columbia in affordable quality health insurance. Between October 1 and November 13, DC Health Link had more than 84,272 unique visitors and 19,706 accounts were created to shop, compare, and choose a health insurance plan that meets ones needs and budgets. To date, 696 employer accounts have been created.
OCTOBER 1ST DEADLINE FOR EMPLOYERS TO PROVIDE
HEALTH INSURANCE MARKETPLACE COVERAGE NOTICE
Under the Patient Protection and Affordable Care Act (known as the Affordable Care Act), employers are required to provide each employee a written notification of health insurance coverage options available through the Health Insurance Exchanges, known as Marketplaces. The District of Columbia has established the DC Health Link, an online marketplace where individuals, families and small business can shop for high-quality, affordable coverage.
Notices MUST be provided to each current employee no later than October 1, 2013 and to each new employee at the time of hiring beginning October 1, 2013. Employers are NOT required to provide a separate notice to their dependents or other individuals who are or may become eligible under the plan, but who are not employees. Pursuant to the statute, the notice must inform employees of the following:
- Coverage options regarding the existence of a new Marketplace, as well as contact information and description of the services provided by the Marketplace;
- They may be eligible for a premium tax credit under section 36B of the Code if the employee purchases a qualified health plan through the Marketplace; and
- A statement that if the employee purchases a qualified health plan through the Marketplace, the employee may lose the employer contribution (if any) to any health benefits plan offered by the employer and that all or portion of such contribution may be excludable from income for Federal income tax purposes.
The U.S. Department of Labor has provided two sample model notices that employers may use to comply with this requirement. The model for employers who offer a health plan can be found at: www.dol.gov/ebsa/pdf/FLSAwithplans.pdf and the model for employers who do not offer a health plan can be found at: www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf.
Current employees, regardless of plan enrollment status and full or part-time status, must also receive the notice no later than October 1, 2013.
For additional information about the DC Health Link, please visit http://dchealthlink.com.
With the DC Health Care Exchanges set to begin on October 1, 2013, it is vital that DC-based businesses are aware of the new rules and regulations that impact the way they do business. As the “Voice of Business” in the District of Columbia, the DC Chamber of Commerce is partnering with the DC Health Benefit Exchange to educate small business owners about this new health care marketplace.