Under the new Federal Healthcare Reform law, individuals will be able to purchase health insurance through the new Health Insurance Marketplace. Open Enrollment for coverage through the Marketplace will begin in October 2013. If you decide to purchase coverage through the exchange, coverage can be effective as early as January 1, 2014.
The notice below provides some general information regarding the Marketplace. It also provides important information about the Moorestown Township Board of Education group health plan, including who is eligible to enroll in our plan. If you decide to purchase insurance through the Marketplace, you will need the information in this notice.
If you are already covered through our group health plan or if you are eligible for our group coverage:
Please note that the current health benefits offered by Moorestown Township Board of Education meets the minimum value standard as established by the Affordable Care Act and the coverage meets the requirements to be affordable. Therefore if you purchase coverage through the Marketplace, you may not be eligible for a tax credit through the Marketplace and you may lose any Employer contribution you currently receive.
The Board will continue to offer all current health benefit options to eligible employees. No changes are being made to your current health benefits.
If you are not eligible for coverage through the School Board:
If you are not eligible for coverage through the school and you need coverage, the Marketplace may provide some affordable options for you. If you are interested in seeing what your options are, please visit HealthCare.gov for further information.
If you should have any questions about this information or need any additional help, please feel free to contact The Lance Group Employee Benefit Specialists at (856) 797-3500 for assistance.
For a copy of the Health Insurance Marketplace Notice, please Click Here.