4 Actions Employers Must Complete By October 1st

New Healthcare Laws Require Employers To Act Soon:

(Re-posted with permission from Coverage-CA.com)

  1. Download and properly distribute Summary Benefit Coverage forms by the appropriate deadline.  For a quick reference, download a free PDF Summary of SBC Requirements, which outlines employer requirements and deadlines.
  2. Heath Exchange Notices- This Department of Labor (DOL) regulation may surprise small employers who do not offer employee healthcare coverage:  The requirement hits them, too. Basically, the DOL requires that every employer hand out a disclosure form.  Further, the DOL has adopted different notices for different employer situations.  Make sure you are using the correct notice: Read more here.
  3. COBRA Notices- Amend existing COBRA notices to include new Department of Labor required language for employer COBRA disclosures.  Your COBRA administrator or vendor should be updating this notices.
  4. Move the money:  It is time to allocate monies you received in July, on behalf of your employees i.e. the Medical Loss Ratio (MLR) rebates.  Can you keep the refund?  Read our article about this very question.

Read the full article, at Coverage-CA, 4 Actions Employers Must Complete By October 1st