Frequently Asked Questions

Will NetApp still offer benefits when the health insurance marketplace opens?
Yes. We are still providing health care benefits when the marketplace opens on January 1, 2014. 

What will the health insurance marketplace do?
The marketplace or state exchange is like a mall operator, setting up the infrastructure and ensuring good-quality merchandise for customers. The law requires exchanges to:

  • Review and certify the health plans they offer meet minimum standards (also called qualified health plans) and rate each plan based on quality and price.
  • Maintain a website with tools that allow consumers to compare cost and quality and purchase a plan, as well as operating a toll-free hotline for questions.
  • Help plans communicate with buyers in plain language on cost sharing, payments, claims policies/procedures, value and participants’ rights in a timely way.

Who is eligible to buy insurance through the Marketplace?
The Health Insurance Marketplace is intended for people who can’t get affordable, minimum essential coverage through their work, and also for employees of small businesses.

While anyone can shop in the Marketplace, you are not eligible for a premium tax subsidy because you have affordable, minimum essential coverage available through NetApp.

Should I look for a plan on the Marketplace? Would I get better options than my benefits?
Since you’re benefits-eligible, you have affordable coverage available to you through NetApp. However, you might hear that you can get a better deal elsewhere on the health insurance marketplace. Since benefits-eligible employees are not eligible for a premium tax credit and our plans are equivalent to a Gold plan available through the Marketplace, we’re confident that you won’t find anything that beats our plan. If you decide to explore the Marketplace options, use this form [PDF].

If I have family members who are not eligible for NetApp’s benefits or another company’s, how do I help them get coverage?
For those friends and family who need to find health insurance, this overview of the health insurance marketplace can help you get started. Or, go to healthcare.gov. This may be your parents, brother or sister, or other extended family members who are not eligible to be covered under your NetApp benefits. For more information on the family members you can cover, refer to New2NetApp.

Will the Marketplace be available in all states?
Within the Marketplace, states have three options: set up an exchange, operate their exchange in partnership with the federal government, or let the government operate their exchange for them.

As of July 2013, 16 states will operate their own exchange: California, Colorado, Connecticut, District of Columbia, Hawaii, Idaho, Kentucky, Maryland, Massachusetts, Minnesota, Nevada, New Mexico, New York, Oregon, Rhode Island, Vermont and Washington.

Seven states are planning for a partnership exchange: Arkansas, Delaware, Illinois, Iowa, Michigan, New Hampshire and West Virginia.

The remaining states will use the federal government Marketplace: Alabama, Alaska, Arizona, Florida, Georgia, Indiana, Kansas, Louisiana, Maine, Mississippi, Missouri, Montana, Nebraska, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin and Wyoming.

How are state exchanges financed?
States can charge user fees, taxes or other means to finance the exchange. All state exchanges must be self-sustaining by 2015 under current law. Nearly all states plan to finance their exchanges with a tax or surcharge on premiums that insurers will pass on to policyholders.

What are subsidies for people who can’t afford insurance?
Americans who don’t have access to affordable, minimum essential coverage through their job can apply for coverage through a state exchange. When they apply, they also can determine whether or not they are eligible for a premium tax credit (or subsidy) to help pay the premiums. The subsidy is basically a cash advance to help cover part of the health insurance premium. The exact amount of the credit is determined by the state exchange, and is calculated on a sliding scale based on household income, family size and the cost of plans in a person’s state.

If you decide to explore your state’s Marketplace options, use this form [PDF]. However, if you are benefits-eligible, you have affordable coverage through NetApp; therefore, you are not eligible for a subsidy.

What are the minimum requirements for plans offered through the exchanges?
State exchanges are required to certify that each health plan offered through the health insurance marketplace meets qualified health plan standards.

Are there specific dates when can people buy from exchanges?
Yes, from October 1, 2013, through March 31, 2014. After January 1, 2014, people who select a plan by the 15th of the month will be covered starting the following month. However, there are special enrollment periods for people to buy through an exchange—for example, 60 days after the loss of other coverage. 

What is the Cadillac tax (also called the excise tax)?
It is a tax on high-cost health plans scheduled to take effect in 2018. Specifically, the law defines high-cost plans as those with total premiums of more than $10,200 for self-only coverage (or $27,500 family coverage) and will be indexed with inflation. Those numbers likely include contributions you and NetApp make to flexible spending or health savings accounts (FSA or HSA). However, it does not appear these total costs include fully insured stand-alone vision or dental benefits.  Learn more here.