You Have Received a Marketplace Notice; Now What?

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?