The Fund’s Health Coverage is Adequate and Affordable
One of the upcoming changes required by the Patient Protection and Affordable Care Act (ACA) is the “individual mandate,” which requires that everyone have a minimum level of essential coverage or pay a penalty starting on January 1, 2014. In an effort to help all individuals and small employers meet this mandate, Health Insurance Marketplaces (also known as “Exchanges”) will open for enrollment on October 1, 2013. As you may have already noticed, insurance companies are launching aggressive advertising campaigns promoting their plans. We expect this only to intensify as the October 1 and January 1 dates get closer. For most people, sorting through the details to determine what coverage is best for them and their families may prove to be overwhelming; however, members of the 4th District IBEW Health Fund and contributing employers will not have to worry because the Fund has them covered.