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Patient Protection and Affordable Care Act

Home  >  Office of Human Resources  >  Benefits  >  Patient Protection and Affordable Care Act

In 2014, the health care reform law created a new type of online marketplace for purchasing health insurance coverage. This marketplace is referred to as a Health Insurance Marketplace, or an Exchange. You are not required to purchase insurance coverage though the Marketplace. The University of the Incarnate Word does offer affordable health coverage.

If you purchase coverage through a Marketplace, you may be eligible for a federal subsidy that lowers your monthly premiums or reduces your cost sharing. However, to receive these federal savings, you cannot be eligible for health plan coverage through the University of the Incarnate Word that is affordable and provides "minimum value." This determination is made beginning January 1, 2014.

The availability of coverage through the Marketplace does not affect your eligibility for coverage through the University of the Incarnate Word's health plan. The notice provides information about the University of the Incarnate Word's health plan as it exists today and the eligibility requirements for coverage.

 More information on the health care reform law and the marketplaces is available at www.healthcare.gov.