The Department of Labor (DOL) recently extended the expiration date on its model Exchange notices through May 31, 2020. These model notices (or a modified version), called “Model Notices to Employees of Coverage Options,” may be used to comply with the Exchange notice requirement under the Affordable Care Act (ACA). The content of the model notice has not changed substantially since it first became effective October 1, 2013. The expiration date included on the model notice largely serves an administrative function for the DOL and does not impact the notices’ applicability or an employer’s ability to use them. Employers should be sure to verify that they are using the most up-to-date version that has been made available.
The ACA requires employers to provide an Exchange notice to all new hires upon their date of hire. Currently, there is no annual requirement to provide the notice to existing employees, nor is there is a fine or penalty under the ACA for failing to provide the notice to new employees. The attached article includes a link to the current model notice.
Contact your Cowden representative for more information on this or other compliance issues.