The Affordable Care Act (ACA) created a new option for employees losing job-based coverage to obtain health insurance – the Health Insurance Marketplace (commonly referred to as the “Exchange”).  Because this new coverage option might be relevant to an employee who is deciding whether to take COBRA coverage, the Department of Labor (DOL) recently issued new Model COBRA Notices that include information about the Exchange.  These model notices cover both the initial COBRA notice that is due upon commencement of employer coverage and the COBRA election notice that is due when certain qualifying events occur.  The models are available on the DOL website.