Marketplace Notice Manager

 

  

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Marketplace Notice Manager

 

 

 

 

Overview

Marketplace Notice Manager (starting at $189.00)

On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act of 2010 ("PPACA"). Section 1512 of PPACA created a new notice requirement under the Fair Labor Standards Act ("FLSA") that requires employers to send written notice to their employees detailing the existence and objectives of “Health Insurance Marketplaces.” On May 8, 2013, the Department of Labor issued Technical Release 2013-02 to provide employers with temporary guidance and mandated employers to send notification to employees by October 1, 2013 as well as to newly-hired employees within 14 days from their employment start date.

COBRA Solutions, Inc., creator of the industry-leading COBRA Administration software, designed the Marketplace Notice Manager in a standard and TPA version to meet this new federal government law. The software provides employers the ability to produce these mandated notices quickly and easily. Not only will the software create the documents, it stores a digital copy (PDF) in a virtual file cabinet so users may prove their compliance if audited in the future.

It is not anticipated that this will be the last notification employers will be required to send employees. The system has been developed to update the database with new documents as they become required. COBRA Solutions understands the information required with many government forms and has designed a database to accommodate employer, employee and insurance company information.

Every year, employers are required to send Medicare-entitled employees a notice regarding the group health plans prescription drug plan’s “creditability.” This notice has become known as the “Medicare Part D” letter. Since the software is designed to produce “government required notifications,” COBRA Solutions has added it the system. Every September, eligible employees will be placed in the Things-to-do list to send the Medicare Part D notification.

To summarize, the Marketplace Notice Manager will produce the required documents and maintain your compliance with the law. It will save a copy of the document as proof and can be updated to produce additional required documents. Remember, it’s the law. Failure to comply will result in penalties and audits. And with a money back guaranty, there is no reason not to buy today!