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Follow us on: HR Liaison Network Affordable Care Act (ACA) Update What does it mean to you? Janelle R. Ramirez Executive Director Human Resources Operations.

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Presentation on theme: "Follow us on: HR Liaison Network Affordable Care Act (ACA) Update What does it mean to you? Janelle R. Ramirez Executive Director Human Resources Operations."— Presentation transcript:

1 Follow us on: HR Liaison Network Affordable Care Act (ACA) Update What does it mean to you? Janelle R. Ramirez Executive Director Human Resources Operations janelle@tamu.edu 979.862.1723 http://employees.tamu.edu/ 11/07/2013

2 Human Resources | Page 2 HR Liaison Network - 11/07/2013 Communications Marketplace Who’s eligible Timeline to determine eligibility Looking for answers Summary Introduction

3 Human Resources | Page 3 HR Liaison Network - 11/07/2013 All current employees New hires within 14 days Communications

4 Human Resources | Page 4 HR Liaison Network - 11/07/2013 October 1, 2013 through March 31, 2014 https://www.healthcare.gov A&M Plan Essential Coverage Affordability Marketplace

5 Human Resources | Page 5 HR Liaison Network - 11/07/2013 Employees who work an average of 30 hours/per week Currently, budgeted employees who work 20 hours or more a week for a term of at least 4.5 months, and are eligible for Teacher Retirement System (TRS) NEW—student workers, wage employees, adjunct faculty who work an average of 30 hours per week Who’s eligible?

6 Human Resources | Page 6 HR Liaison Network - 11/07/2013 Measurement Period September 1, 2013 – August 31, 2014 Administrative Period September 1, 2014 – September 30, 2014 Stabilization Period October 1, 2014 – September 30, 2015 Timeline to Determine Eligibility

7 Human Resources | Page 7 HR Liaison Network - 11/07/2013 How is the measurement period calculated for new hires? How does a break in employment impact the measurement/stabilization periods? How do we fund and process payment if a penalty is assessed? Looking for Answers

8 Human Resources | Page 8 HR Liaison Network - 11/07/2013 1. A&M Plans pass the coverage test and affordability (for most) test. 2. Measurement period is September 1, 2013 – August 2014. Start tracking your information. Reports will be provided in late Spring 2014. 3. Beginning October 1, 2014, benefits will be offered to student workers, wage employees, and adjunct faculty who work an average of 30 hours per week (including multiple pins). 4. Stay tuned for updates. Final Thoughts


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