Effective September 23, 2012, businesses that provide health coverage to staff MUST provide a summary of the coverage to all employees. The Department of Labor shows what the summary must look like.
Insurance companies will create these summaries if the coverage is through them. If you make changes in the plan mid-year, you must provide notice to employees at least 60 days before the changes will take effect.
For more information, contact Howard J. Kass, CPA - Partner, at hkass@zinnerco.com.
