Notice of Exchanges and Subsidies: Delayed
March 1, 2013
According to the original Health Care Reform Acts, effective March 1, 2013, employers of all sizes were required to provide each newly hired employee with a written notice of the existence of health insurance exchanges and potential subsidies available (Notice of Exchanges and Subsidies). This notice was, subsequently, required to be provided to all current employees. However, on January 24, 2013, the US Department of Labor (DOL) announced that it has delayed the compliance date for the delivery of this document. The DOL estimates that the notices (for both newly hired and current employees) will be mandated in either late summer or early fall of 2013. The DOL will publish and release a model notice prior to the new deadline. Please watch for future E-Alerts from the HR Support Center as the facts and timelines continue to evolve regarding the Health Care Reform Acts.