Notifying Employees About Health Benefit Exchange Begins March 1

The new health care law amends the Fair Labor Standards Act to require that employers provide all new hires and current employees with a written notice about the health benefit Exchange and some of the consequences if an employee decides to purchase a qualified health plan through the exchange in lieu of employer–sponsored coverage. This disclosure requirement is effective for employers beginning on March 1, 2013.  Employees hired on or after the effective date (March 1, 2013) must be provided the Notice of Exchange at the time of hire.  The Labor Department has indicated it will issue guidance and a template about how the information must be provided.

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