by Tom aka Rusty Rustbelt
Health Care Thoughts: PPACA Health Exchange Oops
On March 1, 2013 employers were supposed to notify employees in writing of information relating to the health insurance exchanges, including a 1) description of services, 2) employee eligibility for a premium tax credit IF the employee purchases an exchange insurance product, and 3) the downside of the employee purchasing through the exchange.
On January 24th the Department of Labor announced the suspension of the notice rule, because there is very little guidance currently available, as the feds are behind on implementation actions and exchanges are still in a confused infancy.
It is possible the DOL will require the notices to be issued in late summer or fall, ahead of an October (?) startup.
I am now putting the probability of a major delay of exchange start ups at 30%.
