Give Employees Insurance Exchange Notice by Oct. 1

Open enrollment for coverage through health insurance exchanges (also called the health insurance marketplace) begins Oct. 1, 2013. You must give notice of such, in writing, to your employees by that date.

The U.S. Department of Labor (DOL) has released two model notices you can use to satisfy this requirement, as applicable:

The notice reminds employees of their health insurance coverage options. If your practice is subject to the Fair Labor Standards Act (i.e., if your annual dollar volume of business is $500,000 or more), you are subject to this notice regulation. All active employees must get this notice before Oct. 1, and all new hires after Oct. 1 must receive it within 14 days of their hire date.

A new Model COBRA Notice also is available from the DOL's Affordable Care Act website for use after Oct. 1, 2014.

If you have questions, contact the TMA Knowledge Center at (800) 880-7955 or knowledge@texmed.org. 


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