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New updated CHIP model notice released in 2017

In February 2017 the Department of Labor issued an updated model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children’s Health Insurance Program (CHIP) is now available for employers.

Employers that provide insurance coverage in states with premium assistance through Medicaid or CHIP must inform employees of potential opportunities for assistance in obtaining health coverage. The CHIP notice must be provided annually before the start of each plan year. Most employers are given the model CHIP notice from their employee benefits consultant. An employer may provide the notice applicable to the state in which an employee resides concurrent with the furnishing of either: (1) health plan eligibility materials; (2) Open enrollment materials; or (3) in the Summary Plan description.

The updated model notice includes information on how employees can contact their state for additional information and how to apply for premium assistance, with information current as of January 31, 2017.

Consultstu LLC provides fractional HR services to small/mid businesses to lower operational costs, improve business processes and comply with workplace regulations. We deliver customized HR and safety solutions that provide protection from expensive mistakes and strategies to improve workplace results. Call us at 727-350-0370 or visit http://www.consultstu.com

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