The Patient Protection and Affordable Care Act, which is the law that’s known simply as “Health Care Reform,” generally requires all U.S. citizens and resident aliens to have medical coverage beginning January 1, 2014, or pay a penalty. To make affordable coverage available to everyone, the government has created a new way to buy health insurance, called the Health Insurance Marketplace. The Marketplace offers one-stop shopping to find and compare private health insurance options.

The Marketplace is designed to serve those who cannot get medical coverage through their employer or a public program. Chevron’s health coverage isn’t going away – Chevron currently plans to continue to offer comprehensive, quality medical plans as part of your overall benefits package. In addition, Chevron’s health benefits meet the minimum essential coverage standard set by the Affordable Care Act. So, you can shop around in the Marketplace, but keep the following in mind:

  • If you are eligible for Chevron’s health benefits, you aren’t required to go to the Marketplace to shop for health coverage. You can still buy private medical insurance through the Marketplace, but if you do, you won’t qualify for a discount (subsidy) on your monthly premium, you’ll have to pay for that coverage on an after-tax basis, and Chevron will not contribute to the cost of the coverage you purchase. Call the HR Service Center if you have questions about your eligibility for Chevron health coverage.
  • If you aren’t eligible for Chevron’s health benefits, you may qualify to save money and lower your monthly premium by shopping for coverage on the Marketplace. The possible savings on your premium depends on if you have other employer coverage available, your household income and your family size. If you decide to apply for medical coverage through the Marketplace, you must submit an application during the government’s Open Enrollment period. Applications are available on www.healthcare.gov. Use the information on the notice below to fill out the Employer section on the application. Call the HR Service Center if you have questions about your eligibility for Chevron health coverage.

Note that there is a separate open enrollment period for the Marketplace. The Marketplace enrollment period has no connection to Chevron’s open enrollment. You’ll receive more details about your Chevron health coverage and Chevron open enrollment materials in early October.

Notice of New Health Insurance Marketplace Coverage

Chevron is required to issue this Notice of New Health Insurance Marketplace Coverage. This notice provides information about the Marketplace, who should use it, and other basic information you will need if you choose to enroll in health coverage through the Marketplace.

Health Insurance Coverage Tax Form 1095

The Patient Protection and Affordable Care Act (ACA) requires that almost everyone in the U.S. have health coverage that qualifies as minimum essential coverage. U.S. taxpayers must be able to provide proof of such coverage for themselves and their dependents. As a result, a new tax form - Form 1095 - will be provided to you for the first time in January 2016. Form 1095 is required to report information about offers of health coverage and enrollment in health coverage for federal tax purposes. Depending on the source of your health care coverage during 2015, you may receive a Form 1095-B, a Form 1095-C, or even both.

Learn more about Form 1095.