Kainos Partners is proud to announce that we are now part of AssuredPartners. After joining the company in February 2021, we are taking steps to align with the identity and culture of our parent company, AssuredPartners. While this change means we have national resources available to us, we still operate locally offering the personal touch that you have come to expect and you will continue working with the account team you know and trust. We are committed to providing Power through Partnership. Learn more at AssuredPartners.com

Blog Post Notice of Exchange Option is Delayed




Notice of Exchange Option is Delayed

In an FAQ issued January 24, 2013 by the Department of Labor, the employer mandate to provide employees with a notice of coverages available through the Exchanges is being delayed.  The original required distribution date of March 1, 2013 has been delayed until the late summer or fall of 2013.

The Department of Labor FAQ states…..

“The Department of Labor has concluded that the notice requirement under FLSA section 18B will not take effect on March 1, 2013 for several reasons.  First, this notice should be coordinated with HHS’s educational efforts and Internal Revenue Service (IRS) guidance on minimum value.  Second, we are committed to a smooth implementation process including providing employers with sufficient time to comply and selecting an applicability dates that ensures that employees receive the information at a meaningful time.  The Department of Labor expects that the timing for distribution of notices will be the late summer or fall of 2013, which will coordinate with the open enrollment period for Exchanges.”

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