All Employers and Employees
NO LONGER effective as of March 1, 2013
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The Department of Labor has announced that the requirement for employers to provide notice of Insurance Exchanges to their employees will not take effect on March 1, 2013 as it was originally scheduled. The Affordable Care Act (ACA) amended the Fair Labor Standards Act (FLSA) requiring employers to send a notice describing certain elements of exchanges and subsidy eligibility to employees by March 1, 2013.
The DOL is now estimating the requirement will take effect sometime in the late summer or early fall of 2013. This will coincide with the Exchanges’ open enrollment period. The DOL also states that they hope to release a model providing additional guidance on the proper format for language and content for the notices.
- For right now, employers do not need to worry about meeting the March 1, 2013 notice deadline.
- However, it is important to stay tuned and keep an eye out for future guidance on this impending requirement.
Disclaimer: This document is designed to provide general information and guidance concerning employment-related issues. It is presented with the understanding that ManagEase is not engaged in rendering any legal opinions. If a legal opinion is needed, please contact the services of your own legal adviser.
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