Information about the required Health Insurance Marketplace Notice
The University recently mailed the required Marketplace Notice to all employees, both part-time and full-time, which included rehired retirees working less than 75% FTE, as required by the Patient Protection and Accountable Care Act (PPACA), regardless of whether or not the employee is currently a participant in the university’s medical plan.
All employers were required to send the notice to alert employees and working retirees of their eligibility for medical coverage through the Marketplace. To better understand how this notification impacts you, click your status below.
University retiree working part-time for the University
As a retiree who works part-time for the university, you received a notification due to your part-time employment status. If you are currently enrolled in retiree medical insurance, nothing has changed with your medical coverage. As described in the medical plan document, you will continue to be eligible and covered as long as you are enrolled. The required Marketplace notice informs you that new medical insurance options are being made available through PPACA. You do not need to take any action unless you wish to enroll in an insurance plan outside of the university.
University student working part-time for the University
As a student who works part-time for the university, you received the required Marketplace notice because of your part-time employee status. The notice does not change any current medical insurance coverage that you currently have through the university (e.g. student insurance plan, coverage through a parent who may or may not work for the university and is enrolled in a medical plan). The required Marketplace notice informs you that new medical insurance options are available through the Health Insurance Marketplace established by PPACA.
Other non-benefit eligible (part-time) employee
As a part-time, non-benefit eligible employee, the Marketplace notice informs you that you are not eligible for coverage under the university medical plans because you do not meet the requirements to currently be considered benefit-eligible. Under the Affordable Care Act, individuals are required to have insurance coverage beginning January 1, 2013. The notice gives you information about purchasing insurance using the marketplace. The notice also provides the employer information that you will need if you shop for medical coverage using the marketplace.
As a benefit-eligible employee of the university, you are eligible for medical coverage through the university. The notice you recieved in your annual enrollment materials informs you that you are eligible for coverage and that coverage provided by the university meets the minimum value and affordability tests required by PPACA. Your coverage (if enrolled) satisfies the individual mandate to purchase insurance.