Page 26 - HM Benefits Guide 2019 National
P. 26
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.
26