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Employer Notice of Health Insurance Exchange Required by October 1, 2013

Posted by Kenady Hague | Feb 18, 2014 | 0 Comments

The Patient Protection and Affordable Care Act requires employers to provide a written notice to employees by October 1, 2013, that discusses the new Health Insurance Exchanges. The notice must also be provided to any employee hired after Oct. 1, 2013, within 14 days of their start date. Regardless of employees' part-time or fulltime status or enrollment in a health plan, employers must provide the notice to all employees.

The notice informs employees about the Health Insurance Exchanges (also known as the Health Insurance Marketplaces) and explains that employees may be eligible for federal assistance toward the cost of health insurance purchased through the exchange.

The Department of Labor has issued two model notices – one for employers that offer a health plan to some or all employees and another for employers that do not offer a health plan. Since the notices include information about the employer and its plans, employers will need to customize the model notices before distributing to employees.

The following link contains guidance, model notices, and other important information regarding the distribution and compliance.

http://www.dol.gov/ebsa/healthreform/index.html

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