Client Alert
from
The McCart 
Group
 
January 18, 2013
Department of Labor Expected to Delay the Employer Notice of Exchange Requirement  

In welcome news for employers, the Department of Labor (DOL) has stated in informal comments that they plan to delay the employer requirement to send a "Notice of Exchange" to employees.

The Affordable Care Act (ACA) amended the Fair Labor Standards Act (FLSA) requiring employers to send a "Notice of Exchange" to employees by March 1st, 2013.  The regulatory agencies were expected to release guidance and a model notice regarding this requirement, but to date nothing has been issued.  

The exchange notice requirement is designed to inform employees of certain elements of the ACA that take effect in 2014 including:
  • Information on the existence of an exchange and a description of the services provided by the exchange.

The DOL is expected to issue a statement soon that the notice will not be required until after formal guidance is issued.  An update will be provided as soon as more information is available from the DOL.  

 

 

 

 

The McCart Group will continue to update you on the regulations as they are released.


 
Please contact your McCart Group representative with any questions you may have.
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