BNY Mellon Benefits Guide
Health Care Reform
Under the Affordable Care Act, nearly every American must have medical coverage in 2016 or pay a penalty. Here is what it means for you, as a BNY Mellon benefits-eligible employee:
- Our health plans offer affordable coverage with at least the minimum benefit value (called "minimum essential coverage").
- Anyone can shop in the public health insurance marketplace. While some low-income individuals may qualify for subsidized coverage, BNY Mellon employees generally will not qualify because of the cost and benefit value of our health plans.
- Our health plans offer the level of coverage to satisfy the individual mandate.
- If you are benefits-eligible and enroll in a BNY Mellon health plan, you will comply with the individual mandate.
If you would like to learn more about health care reform, visit www.healthcare.gov, which is managed by the U.S. Department of Health & Human Services.