Clarification on the Notice of Coverage Options

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Beginning in 2014, the Affordable Care Act (ACA) requires most Americans to have health insurance or pay a fine.  State Health Insurance Exchanges (Marketplaces) were set up by the ACA to help Americans purchase their ACA mandated health insurance. The Department of Labor (DOL) requires employers to convey information about the Marketplaces to their employees.

The DOL intended employers to use The Notice of Coverage Options (Notice) to convey certain specific information about the Marketplaces to employees. The Notice was to be delivered to all current employees before October 1, 2013. The DOL has just issued guidance stating that while employers should be providing the Notice to employees, there is no fine or penalty under the law for failing to do so.


The DOL guidance can be found here