This spring, employers may start receiving Marketplace notices in the mail from the Federally-Facilitated Marketplace or a State Health Exchange. These are courtesy notifications for employers advising that one of their employees was eligible for an advanced premium tax credit or cost-sharing reduction, while purchasing a plan on the Federal Marketplace or State Exchange. Not all employers will receive one and employers may receive a notification even when they are not an ALE and therefore not subject to the Shared Responsibility provisions of the ACA (based on their full-time equivalent count in the prior calendar year).
It is important to note that a Marketplace notice does not trigger a tax assessment; tax assessments are evaluated by the IRS based on the Forms 1095-A & 1095-C filed.
If you have received a Marketplace notice, consult with your HR Business Partner to determine the best course of action. If a response, in the form of an appeal, is warranted, ADP TotalSource has a team of ACA experts ready to assist you.
This video provides additional information about the Marketplace notices: Marketplace Notices: What to do now?