Notice of Marketplace under the Affordable Care Act
September 20, 2013
As part of the federal Affordable Care Act (ACA), the University of Wisconsin (UW) is required by October 1, 2013 to provide all employees with a notice regarding the availability of the Health Insurance Marketplace (also known as the Exchange). The Marketplace Notice also includes required information on health insurance coverage available through your employment at the University of Wisconsin (UW). You will receive a Notice from the UW in late September through email or a paper notice if you do not have a work email account.
Beginning in 2014, the ACA requires most everyone to obtain health insurance for themselves and their dependents or pay a penalty when filing their tax returns. The Health Insurance Marketplace is a new option for people to obtain health insurance. You are not required to take action if you currently have health insurance.
The Marketplace has no impact on your coverage under the State Group Health Insurance plan offered at the UW. However, if you feel that your health insurance is unaffordable to you, you may want to compare your current coverage to what is offered through the Marketplace. Those who are not eligible for health insurance through their employment at the UW may also want to consider coverage offered though the Marketplace.
The Marketplace will open on October 1, 2013 for coverage effective on January 1, 2014.
If you have questions about your eligibility for health insurance through your employment, contact Madison Benefits Services by email: benefits@ohr.wisc.edu or by phone: 608-262-5650.
Source: UW System Administration
Categories: Insurance