Affordable Care Act Overview
To: All CSU, Chico State Employees
There has been a lot of discussion in the media about the Affordable Care Act (ACA); otherwise known as ObamaCare. We wanted to give you an overview of ACA and what it means to you. ACA is a significant overhaul of the US healthcare system. The primary objective is to decrease the number of uninsured individuals and reduce overall healthcare costs. Each year there are provisions of ACA that employers, insurers, and individuals must implement or adhere to.
For example, employers must notify employees about the availability of buying health insurance through an insurance exchange which in California is known as Covered California. Covered California is available for individuals that are not eligible for health insurance through their employer or don’t have access to health insurance. Covered California has a menu of affordable health insurance options for individuals to choose from.
CSU is required to forward notices announcing Covered California to all employees regardless if they are benefits eligible or not. Our campus Human Recourses department will provide you with a notice by October 1, 2013.
Looking ahead, ACA requires all individuals to have health insurance effective January 1, 2014. In addition, all health plans must comply with ACA guidelines that prohibit individuals to be denied coverage due to having a pre-existing health condition and waiting periods for insurance may not exceed 90 days. Employers will be required to offer affordable coverage to all employees working an average of 30 hours per week and implement specific IRS reporting requirements effective January 2015.
For more information about Covered California please visit https://www.coveredca.com.
As we receive more information, we will update you accordingly.
Assistant Vice President for Staff Human Resources