Page 26 - HM Benefits Guide 2019 National
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Important Information







               Annual Notices                                   ACA
               Various state and federal laws require that      Even though the Affordable Care Act (ACA)’s
               employers provide disclosure and annual          penalty for not having health coverage (known
               notices to their plan participants. Happy        as the individual mandate) has been reduced to
               Money has posted all federally-required          zero, if you are a taxpayer in  California, you will
               annual notices on PlanSource for you to          still be required to have health coverage (unless
               download and read at your convenience.           you qualify for an exemption) or pay a penalty
                                                                for the 2020 tax year. In addition, several other
               Annual Notices include:                          states, including Massachusetts, New Jersey, and
               •   Medicare Part D Notice of Creditable         Vermont, as well as the District of Columbia, have
                   Coverage                                     reinstated an individual mandate requirement,
               •   Women's Health and Cancer Rights Act         and others are considering doing so.
                   (WHCRA)
               •   Newborns’ and Mothers’ Health                You may consider these options below to satisfy
                   Protection Act                               this requirement:
               •   Special Enrollment Rights                    •   Enroll in a medical plan offered by Happy
               •   Medicaid & Children’s Health Insurance           Money or another group medical plan
                   Program                                          meeting the requirements for minimum
               •   HIPAA Notice of Privacy Practices                essential coverage;
                                                                •   Purchase coverage through a health
               Summary of Benefits                                  insurance marketplace;
               and Coverage (SBC)                               •   Enroll in coverage through a government-
               Our medical insurance carriers are required          sponsored program if eligible.
               to provide you with an easy-to-understand
               overview of your health plan’s benefits          However, if you choose to purchase coverage
               and coverage, referred to as a “Summary          through the marketplace, because Happy
               of Benefits and Coverage (SBC).” This            Money’s medical plans are considered affordable
               guide will help you understand the medical       and meet minimum value under the Affordable
               options offered by Happy Money, but for          Care Act, you may not be eligible for a subsidy,
               plan details, please refer to the SBC and        and you may not see lower premiums or out-
               other official documents provided by             of-pocket costs through the marketplace. In
               Anthem Blue Cross.                               addition, employer contributions to your medical
                                                                benefits will be lost and your portion of medical
                                                                premiums will no longer be paid via payroll
                                                                deductions on a pre-tax basis.





                                                                               For More Information

                                                                               Go to www.healthcare.gov.










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