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What type of notice are employers required to provide to employees relating to material modifications of health insurance plans?

April 26, 2017employees employers health insurance material modifications Notice relating type

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What type of notice are employers required to provide to employees relating to material modifications of health insurance plans?

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Plans must provide no less than 60 days notice before a material modification of the health insurance plan takes effect. There is a fine of not more than $1,000 per day per enrolled individual for failure to provide this notice in the timeframe prescribed.