$100 a day penalty?

[tranquility]

What is the name of your state (only U.S. law)? U.S.

While I've tried to keep up on Obamacare in relation to taxes, I haven't kept up on fines. At:
http://smallbusiness.foxbusiness.com/legal-hr/2013/09/06/new-obamacare-penalty-that-biz-may-not-know-about/
is an article on how any business covered by the FLSA (Most all businesses.), has at least one employee and revenues of over $500,000 a year has to notify employees of the exchange by October 1 or be in non-compliance with the PPACA. (The general fine for non-compliance is $100 a day although not specifically listed for this violation.)

Since I and many of my clients fall into this category, does anyone have further guidance on this requirement? Perhaps a model notification I could use? Heck, I don't think the state's exchange will be up by then so I don't see how I can notify people of something not in existence, but I'd rather not be put behind the 8 ball by non-compliance. Does anyone have more?

Info edit:
Found something for those who need it.
http://www.dol.gov/ebsa/newsroom/tr13-02.html

 

[TigerD]

Even worse in Missouri where voters barred the state from setting up the exchange.

DC

 

[TheGeekess]

Even worse in Missouri where voters barred the state from setting up the exchange.

DC

It defaults to the Feds to set up exchanges for states that refuse to do so.

 

[TigerD]

It defaults to the Feds to set up exchanges for states that refuse to do so.

Yes, fortunately -- or not -- it doesn't apply to me at the moment. But I haven't seen anything about the exchange in Missouri. I may give my old accountant a call later and ask, but my personal sense is that this is turning into one big cluster.

A lot of people are going to get hurt in the next year or two because they don't know how to comply with a law that the government doesn't know how to enforce.

DC