Legislative Update: DOL Officially Delays Exchange Notification Requirement

Editor note: This article was originally published by Warner Pacific and can be found here.

The Department of Labor (DOL) has announced that the requirement for employers to provide notice of Insurance Exchanges to their employees will not take effect on March 1, 2013 as originally planned.

The DOL now estimates that the notice requirement will take effect late summer or fall of 2013, which would coincide with the Exchanges’ open enrollment period.

The DOL is also considering providing a template with generic language that employers can use to satisfy the notice requirement.

Compliance Update:

The DOL has also released a Q & A on Health Reimbursement Arrangements, and confirmed that employers may not set aside money for their employees to purchase individual insurance. Click here to view the entire Q & A.

In addition, the Health Information Technology for Economic and Clinical Health (HITECH) Act amendments to HIPAA have been released for public viewing. The amendments are intended to enhance privacy protections, give individuals increased rights to their health information, and strengthen enforcement. The rules can be seen here.