If you didn’t provide employees with notice regarding the health insurance exchanges by March 1, you’re off the hook. The Department of Labor (DOL) has postponed this notice requirement until late summer or fall, which coincides with the exchanges’ open enrollment period. Such timing, the DOL concluded, would be more meaningful for employees.
In addition, the DOL said this notice requirement should be coordinated with educational efforts by the Department of Health and Human Services and the IRS.
STRATEGIES CONSIDERED: The DOL is considering several options for this notice. It could provide model language or allow you to provide employees with information using the employer coverage template, which will be part of the exchanges’ streamlined application. Either way, the DOL anticipates providing employers with flexibility and adequate time to comply with this notice requirement.