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Affordable Care Act Employers’ Exchange Notification Requirement Delayed

Affordable Care Act Employers’ Exchange Notification Requirement Delayed

by Executive Director 6. February 2013 07:03

Courtesy: www.sescomgt.com

Federal regulators have indefinitely delayed a health care reform law requirement that employers notify employees in writing by March 1, 2013 about the availability of public health insurance exchanges.  The Departments of Health and Human Services, Labor, and Treasury said the reporting requirement will not go into effect until regulations are issued and become applicable.
 
The Department of Labor is considering providing model, generic language that could be used to satisfy the notice requirement.  The announcement of the delay stated that “future guidance on complying with the notice requirement is expected to provide flexibility and adequate time to comply.”
 
SESCO will continue to monitor developments in health care reform to include compliance as well as recommendations for employers on best practices for their firms. In the mean time,  SESCO has recently updated “An Employer’s Guide to Healthcare Reform” providing a detailed overview of what is required by the law, including a timeline indicating when different provisions are to be implemented.  This white paper is available for $50.00 ($30.00 for retainer clients) and may be ordered by phone at 423-764-4127, by clicking HERE from our Online Publications store, or by email at sesco@sescomgt.com.   
 
SESCO is also counseling employers onsite, conducting webinars for associations and chambers and subsequently is available to support your company’s efforts in understanding, preparing for and complying with this regulation.

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