Department of Labor extends exchange notification deadline for employers

In a statement posted on the Centers for Medicare and Medicaid Services (CMS) website, the Department of Labor announced that it has delayed the March 1 deadline for employers to notify workers about health insurance exchanges available under the Affordable Care Act. A provision in the ACA requires employers to send each worker a written notice informing them about their cost-sharing plans and the existence of the exchanges. Under the ACA, employees will be eligible for insurance subsidies to purchase coverage through an exchange if their employers contribute less than 60% of the total cost of health plans they offer. The notice concluded, “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.”

2013-01-31T00:00:00+00:00 January 31st, 2013|Advocacy|