New Survey Polls Large Employers on ACA Exchange Notices

The ERISA Industry Committee (ERIC) today released the results of a poll of its members regarding the new Exchange reporting requirements. Over half of ERIC members responded to the poll, which was conducted over the period from September 13 to September 18.

The Affordable Care Act (ACA) provides that employers are to inform their employees about access to health coverage through the Exchanges. Employers must generally provide the notice to existing employees before October 1, 2013.

The poll found that 94 percent of respondents were planning to provide an Exchange notice to employees by October 1st. Only 6 percent said that they would not meet the deadline or were undecided, and most of those companies planned to provide the notice later in 2013.

The poll also found that 92 percent of the companies planned to use the model notice created by the Department of Labor for Exchange reporting purposes. Thirty-six percent of companies were planning to make few changes to the notice, while 56% were planning to omit the “optional” information.

For more information, click here.

For a look at the complete poll results, please go to: ERIC Exchange Notice Survey Results.