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 [email protected].
Below are some additional resources on the health insurance benefit plan offered by TERRA: