Quick Tip: Notice regarding availability of health insurance exchanges

By August 22, 2016 April 15th, 2018 Quick Tips

Rebecca Scandaliato, Vice President, Employee Benefits, explains what the notice regarding availability of health insurance exchanges is.

The Notice Regarding Availability of Health Insurance Exchanges provides employees with certain information about the existence of Health Insurance Exchanges (also known as Marketplaces), including notice that the employee may lose employer health plan contributions if the employee buys coverage through the Exchange. All employers covered by the Fair Labor Standards Act must provide this notice to each new employee at the date of hire, within 14 days of the employee’s start date. There is one model notice for employers who offer a health plan to some or all employees, and another model notice for employers who do not offer a health plan

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