This just in from our crack compliance commandos:
The U.S. Department of Labor has issued an FAQ confirming an employer won’t be penalized for failing to distribute the exchange notice. By October 1, employers are tasked with providing their current employees with a notice that explains the availability of the public health insurance exchanges. The DOL issued a model notice earlier this year.
Although the law did not provide a penalty for failing to distribute the notice, internet-based rumors circulated that employers could face penalties of up to $100 per day for failing to distribute the notice. Not so, said the DOL in the FAQ noted below:
http://www.dol.gov/ebsa/faqs/faq-noticeofcoverageoptions.html
Please contact your Lockton team with any questions.