Monday, May 5, 2014
New Department Of Labor Regulations For Employers
The department on Labor is proposing a new law that would require employers to notify employees leaving their job of the option of enrolling in an Affordable Care Act Plan.
In the past the only option for employees leaving their employment was COBRA. Employers have been required to provide COBRA notices to employees leaving work since 1985.
COBRA can sometimes be unaffordable for a family especially if they are out of work. Having a second option besides COBRA may give the employee a more affordable way to insure themselves and their family. The Affordable Care Act option would be ongoing and permanent if the employee wished to keep their own coverage even after finding new employment.
Read more about coverage options here
Posted by C. M. Elkins at 10:46 AM