* Administering Health, Pension and Vacation Benefits For the Men and Women Who Help Build the Southwest *
Under the Affordable Care Act, you share in the responsibility to have health insurance coverage, which is referred to as “individual shared responsibility.” This federal law requires you to have qualifying healthcare coverage (known as minimum essential coverage).
Please note that if you, or any of your dependents, do not have qualifying healthcare coverage for 3 consecutive months, you may owe an individual shared responsibility penalty when you file your income tax return. You may avoid this penalty as long as you maintain your eligibility with the Southwest Carpenters Health and Welfare Trust or have other health coverage that is minimum essential coverage. It is very important to note that if you are not already enrolled in a Medical Plan, you will not be treated as covered by the Southwest Carpenters Health and Welfare Trust unless you enroll in a Plan by completing and returning the necessary Medical Enrollment application(s).
Per the Affordable Care Act, for 2015 the amount of the individual shared responsibility penalty is the greater of 2 percent of a household income above the applicable filing threshold, or a flat dollar amount equal to $325 per adult and $162.50 per child under 18. However, the penalty is capped at the national average premium for bronze level plans available through the Health Insurance Marketplace. For 2015 the monthly national average premium for bronze‐level qualified health plans is:
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