What Employers Need To Know About the Affordable Care Act

Here at The Legacy Group, we have been following the roll-out
of the Affordable Care Act very closely over the past three
years-keeping each of you in our forethought.
We also want to make it easy for your employees . We are
sending you a flier to share with them. You can also access the
flier on our website at http://www.legacyhb.com/affordable-careact

What You Need to Know As A Business Owner
The Affordable Care Act will impact each of you differently based on the size of your
business, number of employees and desired coverage. I look forward to meeting
with each of you individually to discuss your specific options.
Most of you will fit into one of the three options:
1. Keep your current coverage. You will keep your current plan through your
renewal in 2014 in anticipation that Marketplace rates will be higher.
2. Select a plan through The Marketplace. We will help you access the
Marketplace, once it is available in October, and select a coverage option that
might be more cost effective.
3. Move your Group Plan to Individual Plans. We can provide pricing and
enrollment for you and each employee on separate individual/family plans.
I will continue to reach out to ensure all your questions are answered and you have
the best plan available for YOU!

What ELSE You Need to Know
The Legacy Group
9800 Whisper Wood Circle
Chagrin Falls, Oh 44023
Please call with
any questions…we
are here for YOU!
Please Note:
Early Renewal
through Medical
Mutual due by
October 1
The Legacy Group Referral Program
Giving Back To Our Community
We Love Referrals!
If you know someone who may benefit from our Great Service and Fantastic Rates,
simply Pr int out this coupon, write your name and phone number below,
and when this coupon is presented to us at time of a new quote, we will either:
1. Donate $25 to help the animals at Rescue Village in your name – Or –
As A Business Owner
Important to know right now: Employers are required to provide a Notice to
Employees of Coverage Options under the Health Insurance Marketplace no later
than Oct. 1, 2013. We have provided model notices on our website at
www.legacyhb.com/affordable-care-act. There are two versions; one for employers
who do offer coverage (5 pages) and one for employers who do not offer coverage
(3 pages).
The Notice requirement applies to all employers who are subject to the requirements
of the Fair Labor Standards Act (generally those employers who employ one or more
employees and have at least $500,000 in annual dollar volume of business).
The Notice must contain the following information:
1. It must inform employees of the existence of the Marketplace , including
services provided by the Marketplace and the manner in which an employee may
contact the Marketplace to request assistance.
2. If an employer maintains its own health plan, and its share of the total actuariallyprojected
costs of benefits provided under the plan is less than 60% of such costs,
the Notice must inform employees that they may be eligible for a premium tax
credit if they purchase coverage through the Marketplace.
3. The Notice must state that if an employee purchases a qualified health plan
through the Marketplace, the employee may lose the employer contribution (if
any) to any health plan offered by the employer and that all or a portion of such
contribution may be excludable from income for federal income tax purposes.



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