In accordance with regulations promulgated by the Secretary, an employer to which this chapter applies, shall provide to each employee at the time of hiring (or with respect to current employees, not later than March 1, 2013), written notice—
(1)informing the employee of the existence of an Exchange, including a description of the services provided by such Exchange, and the manner in which the employee may contact the Exchange to request assistance;
(2)if the employer plan’s share of the total allowed costs of benefits provided under the plan is less than 60 percent of such costs, that the employee may be eligible for a premium tax credit under section
36B of title
26 and a cost sharing reduction under section
18071 of title
42 if the employee purchases a qualified health plan through the Exchange; and
(3)if the employee purchases a qualified health plan through the Exchange, the employee may lose the employer contribution (if any) to any health benefits plan offered by the employer and that all or a portion of such contribution may be excludable from income for Federal income tax purposes.
(b) Effective date
Subsection (a) shall take effect with respect to employers in a State beginning on March 1, 2013.
2011—Subsec. (a)(3). Pub. L. 112–10struck out “and the employer does not offer a free choice voucher” after “Exchange”.
2010—Subsec. (a)(3). Pub. L. 111–148, § 10108(i)(2), inserted “and the employer does not offer a free choice voucher” after “Exchange” and substituted “may lose” for “will lose”.
Effective Date of 2011 Amendment
Amendment by Pub. L. 112–10effective as if included in the provisions of, and the amendments made by, the provisions of Pub. L. 111–148to which it relates, see section 1858(d) ofPub. L. 112–10, set out as a note under section
36B of Title
26, Internal Revenue Code.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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