BNY Mellon Benefits Guide
Health Insurance Marketplace Coverage Options and Your Health Coverage
Key Things to Know About the Affordable Care Act (ACA)
The ACA's individual mandate requires that nearly everyone have medical coverage or pay a penalty. If you are benefits-eligible and enrolled in a BNY Mellon health plan under the Plan, you are in compliance with the individual mandate.
  • Our health plans offer the level of coverage to satisfy the individual mandate.
  • Our health plans offer affordable coverage with at least the minimum benefit value (called "minimum essential coverage") required under the ACA.
  • Anyone can shop in the public health insurance marketplace. While some low-income individuals qualify for subsidized coverage, BNY Mellon employees generally will not qualify because of the cost and benefit value of our health plans.
  • If you shop in the health insurance marketplace, you may find the options offered to be more expensive than BNY Mellon coverage because BNY Mellon pays a large part of the cost for your medical coverage. Generally, in the public marketplace, you will pay the entire cost of your coverage.
For more information about the ACA, visit www.healthcare.gov.