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New Health Insurance Marketplace Coverage p g Form Approved <br /> Options and Your Health Coverage OMB No. 1210-0149 <br /> '` (expires 6-30-2023) <br /> PART A: General Information <br /> When key parts of the health care law take effect in 2014,there will be a new way to buy health insurance:the Health <br /> Insurance Marketplace.To assist you as you evaluate options for you and your family,this notice provides some basic <br /> information about the new Marketplace and employment based health coverage offered by your employer. <br /> What is the Health Insurance Marketplace? <br /> The Marketplace is designed to help you find health insurance that meets your needs and fits your budget.The Marketplace <br /> offers"one-stop shopping`'to find and compare private health insurance options.You may also be eligible for a new kind of <br /> tax credit that lowers your monthly premium right away.Open enrollment for health insurance coverage through the <br /> Marketplace begins in October 2013 for coverage starting as early as January 1,2014. <br /> Can I Save Money on my Health Insurance Premiums in the Marketplace? <br /> You may qualify to save money and lower your monthly premium,but only if your employer does not offer coverage,or <br /> offers coverage that doesn't meet certain standards.The savings on your premium that you're eligible for depends on your <br /> household income. <br /> Does Employer Health Coverage Affect Eligibility for Premium Savings through the Marketplace? <br /> Yes.If you have an offer of health coverage from your employer that meets certain standards,you will not be eligible for a <br /> tax credit through the Marketplace and may wish to enroll in your employer's health plan.However,you may be eligible for <br /> a tax credit that lowers your monthly premium,or a reduction in certain cost-sharing if your employer does not offer <br /> coverage to you at all or does not offer coverage that meets certain standards.If the cost of a plan from your employer that <br /> would cover you(and not any other members of your family)is more than 9.5%of your household income for the year,or if <br /> the coverage your employer provides does not meet the"minimum value"standard set by the Affordable Care Act,you may <br /> be eligible for a tax credit.i <br /> Note: If you purchase a health plan through the Marketplace instead of accepting health coverage offered by your employer, <br /> then you may lose the employer contribution(if any)to the employer-offered coverage.Also,this employer contribution -as <br /> well as your employee contribution to employer-offered coverage-is often excluded from income for Federal and State <br /> income tax purposes.Your payments for coverage through the Marketplace are made on an after-tax basis. <br /> How Can I Get More Information? <br /> For more information about your coverage offered by your employer,please check your summary plan description or <br /> contact. <br /> The Marketplace can help you evaluate your coverage options,including your eligibility for coverage through the <br /> Marketplace and its cost.Please visit HealthCare.gov for more information,including an online application for health <br /> Insurance coverage and contact information for a Health Insurance Marketplace in your area. <br /> 'An employer-sponsored health plan meets the"minimum value standard"if the plan's share of the total allowed benefit costs covered by <br /> the plan is no less than 60 percent of such costs. <br /> 73 <br /> 38 <br />