Employers that have modified group benefits due to either mandate or choice in response to the COVID-19 pandemic may have formal plan notification requirements to meet such as issuing a Summary Material Modification or revised Summary of Benefits and Coverage. But who wants to wait for a formal plan notification to be drafted to inform employees of changes intended to provide immediate relief? Here’s a sample communication employers can leverage to communicate with employees about the changes allowed in the CARES Act. Note that this communication is not a substitute for the more formal plan document notices; you’ll still need to issue those.
SAMPLE EMPLOYEE COMMUNICATION
Important Enhancements to Your Benefits Coverage!
On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This law includes a number of important provisions that impact your company-provided health and retirement benefits coverage effective immediately.
[OPTIONAL] Retirement Benefits:
If you have questions, don’t hesitate to reach out to your local HR representative.