Federal regulators have delayed indefinitely a federal healthcare legislation requirement that employers notify employees by March 1 about the availability of state health insurance exchanges.
Under the Affordable Care Act’s (ACA’s) Notice of Exchange requirement, employers were to provide notice no later than March 1, 2013 for current employees (or at the time of hire for new employees) about the state health insurance exchange and employee tax credit eligibility and employer contribution, as specifically described in the ACA.
But this week, U.S. 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 new reporting date is now expected to be sometime this summer or fall, to coordinate with the Oct. 1 starting date for the exchanges' open enrollment.
For more information, contact CBIA’s Jennifer Herz at 860.244.1921 or email@example.com.