The federal government passed the Affordable Care Act (ACA) on March 23, 2010, to increase access to medical insurance.
This legislation requires:
Wake Forest has introduced the following Medical Plan enhancements, in conjunction with the ACA:
Employers, including Wake Forest, must offer affordable medical coverage that meets minimum essential value requirements. Low Plan Employee Only coverage fulfills these qualifications; therefore, the majority of University employees are not eligible for Marketplace subsidies.
Wake Forest must offer coverage to any employee (and their spouse and/or dependent children), who averages 30 or more weekly hours, or 130 monthly hours. This is measured: upon hire; after a change in employment status; or during an applicable prior measurement period. Detailed hour requirements »
The 2016 employer penalty for non-compliance is 2.5% or $695, whichever is higher. Additionally, there is a tax penalty for individuals who do not have minimum essential health coverage.
If it is determined that a faculty or staff member is ACA-eligible, Human Resources will notify* the individual, offer medical coverage, and send an enrollment form. The individual must complete this form and return it to Human Resources within 10 business days of receiving the notification, even if coverage is waived.
*New hires and individuals with employment changes are notified via email, or certified mail if email is unavailable. Individuals meeting the 30-hour requirement during a prior measurement period are notified via certified mail.
Frequently Asked Questions
Wake Forest University:
Wake Forest University Human Resources
2598 Reynolda Rd, Winston-Salem, NC 27106 | P.O. Box 7424
AskHR@wfu.edu | P (336) 758-4700 | F (336) 758-6127
Se habla español.