• Action Items for Employers: Notice to Employees of Health Insurance Marketplace and Related Updates to COBRA Election Notices
  • September 16, 2013
  • Law Firm: Hinckley Allen Snyder LLP - Providence Office
  • The Affordable Care Act provides employees who are not offered health coverage by their employers the option of purchasing health coverage through new health insurance marketplaces (also known as health insurance exchanges) that will operate in every state. Even employees who are offered coverage by their employers have the choice of taking that coverage or purchasing coverage from a health insurance marketplace instead. The Affordable Care Act requires employers to provide employees with written notice of the new marketplace coverage option. Although the marketplaces will not open until fall, and the coverage they offer will not start until January 1, 2014, the Department of Labor ("DOL") has announced that notices for current employees must be provided by October 1, 2013, a fairly short timeframe given the potential complexity of preparing the notice and the limited methods of delivery permitted.