The DOL has issued a new CHIP model notice current as of Jan 31, 2024.
Who this applies to:
- Large employers with fully insured and self-funded health plans
- Small employers with fully insured and level-funded health plans
Go Deeper:
An employer is subject to the CHIP annual notice requirement if its group health plan covers participants who reside in a state that provides a premium assistance subsidy, regardless of the employer’s location.
The CHIP model notice may be used by employers. The notice is updated periodically to reflect changes in the states that offer premium assistance subsidies. The model Employer CHIP Notice includes current information as of Jan. 31, 2024.
Employers sponsoring a group health plan should provide the CHIP notice with other health plan eligibility materials, including at new hire enrollment, annual open enrollment, and with the summary plan description (SPD).
CHIPRA webpage: https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/chipra
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