Notice of Exchange
ACA requires employers to provide all new hires and current employees with a written notice about ACA’s health insurance exchanges (Connect for Health Colorado). In general, the notice must:
- Inform employees about the existence of the Exchange and give a description of the services provided by the Exchange;
- Explain how employees may be eligible for a premium tax credit or a cost-sharing reduction if the employer’s plan does not meet certain requirements;
- Inform employees that if they purchase coverage through the Exchange, they may lose any employer contribution toward the cost of employer-provided coverage, and that all or a portion of this employer
contribution may be excludable for federal income tax purposes
- Include contact information for the Exchange and an explanation of appeal rights.