The deadline is basically here to provide current employees with a Health Insurance Exchange Notice. If your sales are at least $500,000/year, this applies to you no matter the # of employees or whether you currently provide health insurance or not.
I’m using a model notice from the Dept of Labor. These model notices can be accessed at:
What’s the penalty for non-compliance? No idea, I can’t find info on that. So best to keep records - I’m making my staff sign a form saying they received the info packet before taking their paycheck this week.
We are still trying to find a good resource that can explain everything to us so that we can understand it, but unfortunately I don’t think there is anyone out there who really understands it
This is the first time I’ve heard of a sales figure as a qualifier. Could you lead me towards a source for that? All my insurance guy has been telling me was the employee number which we’re well below.
So, the DoL isn’t going to fine anyone? Who is going to then??? This is fun! I love thinking I’ve finally got it figured out only to be slapped back to reality…
“You’re required to do this!”
“What happens if I don’t?” shrugs
Edit: I just read that $500k paragraph closer. The language makes it sounds like it only applies to those engaged in Interstate Commerce, with the qualifier on those companies. Am I interpreting that incorrectly?
The more I try and sort through this, the more I realize just how much bad info is being shoveled out there.
Illegal Double Edit: Okay, I’m guessing it matters if the FLSA applies to the business or not. I believe that means either interstate OR $500k. The DoL site has a “test” to see if the FSLA applies to a business or not and my answer was: You probably have to comply with the Fair Labor Standards Act, since you indicated that your company/organization is a covered enterprise as defined in the FLSA. “Probably.” Hehehehe… I know the FLSA applies to me but that answer is hilarious. I’m walking away from this to get some real work done now…