With the passage of the Affordable Care Act, the way that all Americans get and use health care coverage is about to change....read more
With the passage of the Affordable Care Act, the way that all Americans get and use health care coverage is about to change. Two of the biggest mandates of Health Care Reform go into effect on January 1, 2014:
- A requirement that all Americans have health care coverage, or pay a penalty; and
- The availability of newly formed Health Insurance Marketplaces (also called exchanges).
We are required to inform you about the creation of the Health Insurance Marketplace, meant to provide a “one-stop-shop” for individuals to compare and purchase private health insurance. For benefits-eligible employees, this does not apply as the state-sponsored health coverage at the College of William & Mary meets the standards of affordability and value outlined in the attached Notice. If you are a temporary/hourly employee, or student worker, or not currently benefits-eligible, you may need to purchase health coverage from the Marketplace. It will be useful for you to learn about the new options.
The attached Notice is a resource to help you learn about the Health Insurance Marketplace. In addition, following are useful websites:
- The federal government has its own website, www.HealthCare.gov, with extensive information about the Affordable Care Act and the Health Insurance Marketplace.
- The Kaiser Family Foundation at www.kff.org/health-reform is an excellent resource for information on health care and the Affordable Care Act.
You may also visit our FAQ page for further information.