ACA Healthcare Marketplace Information

Under the PPACA (ObamaCare), employers covered by the Fair Labor Standards Act (FLSA) are required to provide a notice to employees about the health insurance marketplace/exchanges of the state(s) in which they operate. Current employees of BIS are provided this notice in writing through email, the When to Work website and here once they receive their BIS website login. New hires will receive this information at the time of hire in their Take Home packet provided during orientation. This notice is to inform you of the following information:

  • The existence of the marketplace, the services provided and how the employee can contact the Marketplace to request assistance.
  • The information that if BIS’ current share in the total cost of the benefit is less than 60% of the total cost of the plan, the employee may be eligible for a premium tax credit under section 36B of the Internal Revenue Code if the employee purchases a qualified health plan through the Marketplace.
  • If an employee purchases a qualified health plane through the Marketplace, the employee may lose any BIS contribution to any health benefits plan offered and that all or a portion of such contribution may be excludable from income for Federal Tax purposes.

For more information on the benefit plans that BIS offers to its full time employees, please contact Kim “Berly” Forsythe, HR Director at kforsythe@bis-stl.com .