Affordable ACA Compliant Health Insurance Now Available through TERRA—Do You Qualify?
Posted on November 14, 2014
Have you purchased a medical health insurance plan in compliance with the Affordable Care Act?
If not, TERRA is now offering an Affordable Care Act compliant medical health insurance plan.
Employees will have the opportunity to sign up for an individual-only, dependent, or family medical plan. Elected benefits will be paid through a weekly payroll deduction or recurring credit card payment.
Eligible employees can enroll from now until November 21, 2014 for coverage effective as of January 1, 2015.
WHAT DOES THIS MEAN FOR ME?
To stay compliant with the Affordable Care Act (ACA), all individuals are required to purchase healthcare insurance coverage or they will be subjected to a penalty tax. To prevent the penalty tax, TERRA offers the option to purchase a Minimum Value Plan (MVP).
WHEN AM I ELIGIBLE FOR INSURANCE?
Employees who have worked 60 days become eligible to enroll. Once enrolled, insurance becomes effective as of your 91st day of employment with TERRA. Payroll deductions or pre-payments start two weeks prior to the insurance effective date.
HOW MUCH WILL IT COST ME?
Medical coverage for an employee- only plan costs $26.10 per week. Coverage for families is also available for an additional cost. Employees can add a spouse and/or dependents.
HOW DO I ENROLL?
The enrollment process is simple. You can complete the form in two ways: you can complete the form online or visit your closest TERRA office and complete the form in person.
WHERE DO I GO FOR ADDITIONAL QUESTIONS?
For questions concerning enrollment, please contact TERRA’s Benefits Coordinator at 425-322-5602, or send inquires to HR@TerraStaffingGroup.com.
Below are some additional resources on the health insurance benefit plan offered by TERRA:
Categories: HR and Management Advice, HR Compliance & Labor Laws
Tags: ACA, affordable care act, health insurance, Healthcare, healthcare reform, medical benefits, medical health insurance, TERRA
Related Posts
How Leaders Can Support Their Teams Through Change
By TERRA Staffing Group
Posted on March 22, 2024
In business, any change, whether it’s new technology or a change in structure, is often met with hesitation. But change is inevitable. So, how can leaders help their teams navigate change? In a recent HR HotSpot webinar, thrive! Co-founders CrisMarie Campbell and Susan Clarke shared their insights on how businesses can embrace change effectively. They …
Read More from How Leaders Can Support Their Teams Through Change
Navigating Cognitive Distortions in the Workplace
By TERRA Staffing Group
Posted on February 27, 2024
Investing in employees and providing support is just good business. But as a leader, it can be hard to figure out when your team needs help or what kind of help works best, especially when they’re struggling with negative thought patterns. In a recent HR HotSpot webinar, Aaron Goldstein, Partner at Dorsey & Whitney LLP …
Read More from Navigating Cognitive Distortions in the Workplace
Cultivating Inclusion Through Curiosity: 7 Tactics for Leaders
By TERRA Staffing Group
Posted on December 27, 2023
Diversity, Equity and Inclusion (DEI) training programs can play a crucial role in fostering inclusivity. The good news is that DEI doesn’t have to be an extensive undertaking. There are small, daily actions leaders can take to gain a better understanding of their teams’ diverse needs and ways of working. And it all starts …
Read More from Cultivating Inclusion Through Curiosity: 7 Tactics for Leaders
