30 Apr 2025
📋Implications of Affordable Care Act Rescission Notification Requirements
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Affordable Care Act Advance Notice of Rescission
Summary
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Agencies
- Labor Department
Business Impact
$$ - Med
The notice requires compliance with advance notification rules for rescinding health insurance coverage, which affects business owners and health insurance issuers under the Affordable Care Act. Businesses must prepare to adhere to these regulations to avoid penalties.