Obamacare Notice to Employees
Obamacare requires employers to provide a notice to employees regarding the opportunity to purchase health insurance through "exchanges" established by states (which currently will be 17) or by the federal government (which currently will be 33). The original deadline for the notice was March 1, 2013. The DOL late yesterday in Technical Release 2013-02 announced that the new notice deadline is October 1, 2013, which is the first day all 50 exchanges are scheduled to be up and running. The DOL has provided one "model" notice for employers that provide healthcare coverage to employees and another for employers that do not provide healthcare coverage. Using a "model" likely will (as a general rule) make sense for an employer. Please contact Jan Marsh (678.336.7135) if you would like to discuss this notice requirement in more detail.
- Employee Benefits and Executive Compensation