Notice to Employers:
Exchange Notification to Employees Delayed
The deadline for employers to notify employees of the availability of Health Benefit Exchanges has been delayed from March 1, 2013 to late summer or fall of 2013. No specific date has been determined.
What does this mean to me as an employer?
This means that no action is required on your part as an employer at the present time. As information regarding the notifications and a new deadline is proposed, our team at Gallen Insurance will keep you updated via email, website & our Facebook page.
The Department of Labor is considering providing model, generic language that could easily be used to satisfy the notice requirement when the final date is set. The latest notice, released on January 24, 2013 stated:
The Department of Labor has concluded that the notice requirement under FLSA section 18b will not take effect on March 1, 2013 for several reasons.
First, this notice should be coordinated with HHS’s educational efforts and Internal Revenue Service (IRS) guidance on minimum value.
Second, we are committed to a smooth implementation process including providing employers with sufficient time to comply and selecting an applicability date that ensures that employees receive the information at a meaningful time.
The Department of Labor expects that the timing for distribution of notices will be the late summer or fall of 2013, which will coordinate with the open enrollment period for Exchanges.
For more information or answers to your questions, please contact our Benefits Department:
Jay Mahoney, CBC, Benefits Manager email@example.com Phone: 610-898-6516
Mike Fields, CBC, Benefits Producer firstname.lastname@example.org Phone: 610-898-6532