Cook & Associates > Groups > Large Group > Notice of Exhange

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.

 

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