Another Participant Notice
Employers are generally sick of sending notices and employees are sick of receiving them…that is if they even read them. Our government, however, seems to like creating new notice requirements. The latest, the Exchange or Marketplace Notice, must be distributed by all employers for the first time no later than October 1st. The notice must be given to all employees, regardless of whether the employer maintains a health plan or whether the particular employee is enrolled or even eligible for the health plan. The DOL has issued two model notices, one for employers who sponsor a group health plan and one for employers who don’t sponsor a plan. The applicable notice must also be given to all new employees hired throughout the year.