On May 8, the U.S. Department of Labor issued employer notices regarding the Health Insurance Exchanges (Marketplaces).
In a nutshell, employers have until October 1, 2013 to decide whether they will offer or not offer insurance coverage to their employees.
Below are links to two forms: one for employers offering coverage and those which will not. The notice text must be used and there are penalties for not distributing them by October 1, 2013, the date open enrollment in the exchanges is set to begin.
- Model notice for employers who offer a health plan to some or all employees, available at http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf
- Model notice for employers who do not offer a health plan, available at http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf
Notices were also released regarding COBRA:
- COBRA model election notice, available at http://www.dol.gov/ebsa/modelelectionnotice.doc
Please contact us if you have any questions, we’re happy to assist!