Should employers pay any attention to all of the theoretical penalties that are tied to the requirements of the Patient Protection and Affordable Care Act?
If you're feeling lucky, maybe not. But following the rules for Obamacare wouldn't be a bad idea.
As implementation of key parts of the PPACA approach, the U.S. Department of Labor is underscoring two themes:
- Employers are required to comply with rules like notifying employees of options, but …
- if they don't comply, it's really up to them to report the infraction themselves, because the DOL says it isn't going to enforce the rules.
Just last week, the DOL went on record saying that employers don't need to worry about being fined for failing to notify their workers of their health coverage options in writing by Oct. 1.
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