AZ USA: Thursday, August 31 - 2013
The Patient Protection and Affordable Care Act mandates employers (with over $500,000 in annual revenue) to send all employees (both full-time and part-time) a notification explaining the newly developed Health Insurance Marketplaces. Initially, this notice was to be sent by March 1, 2013 but the Department of Labor’s Technical Release 2013-02 postponed this responsibility until October 1, 2013.
Scott Beaver, President of COBRA Solutions, Inc. stated, “In our judgment, most employers are unaware of their responsibility to send the Health Insurance Marketplace notice to employees. Our goal is to notify as many employers as possible and offer them a solution to create these documents, quickly and at a minimum expense.”
The Marketplace Notice Manager was launched on August 1, 2013 in two versions; for single companies and Third Party Administrator (TPAs). The software can be downloaded and installed on a personal computer or server. Employers either enter or import employee information and the notifications are produced. Software sells for $189.00 for companies and $989.00 for TPAs.
Beaver also stated, “We envision the Marketplace Notice Manger to not only produce this required document, but an employer’s resource for producing many government mandated notifications.”