New Health Insurance Marketplace Coverage Options and Your Health Coverage
Dear Participant and Family Covered by the SUP Welfare Plan,
You will soon receive a notice from your employer about the "New Health Insurance Marketplace Coverage Options and Your Health Coverage." This notice is required by the Affordable Care Act (popularly known as "Obamacare" ).
This notice is required by the government and includes some basic information about your SUP Welfare Plan medical coverage and new coverage that will be available through the State "Marketplaces". Each of the States, like California, Washington and Oregon, and the federal government on behalf of some states, will start enrolling people who do not have coverage or coverage that does not pass Obamacare's test for "affordability" starting October 1. Coverage under the Marketplace will begin as of January 1, 2014. The Notice will include information about coverage options and the availability of federal subsidies to purchase coverage through the Marketplace.
If you are a participant or dependent covered by the SUP Welfare Plan, you do not need to shop for different or additional insurance to meet any individual requirement to maintain coverage. And, although you can buy coverage in the Marketplace, you will NOT BE ELIGIBLE for any federal subsidy to buy coverage from the Marketplace.
The Marketplace may be a good option if your coverage through the SUP Welfare Plan ever terminates and you do not wish to purchase COBRA continuation coverage.
You can call us with questions about your SUP Welfare Plan coverage at 1-800-796-8003. You can also go to the federal government's website dedicated to Marketplace information, www.healthcare.gov.