IMPORTANT NEWS FOR SWIM CLUBS REGARDING THE AFFORDABLE CARE ACT
IMPORTANT NEWS FOR SWIM CLUBS REGARDING THE AFFORDABLE CARE ACT
The Affordable Care Act begins October 1, 2013. Those Clubs and LSCs, who are employers, must
provide a notice to their employees regarding the Affordable Care Act by 10-1-13. Many organizations
don't know they are to provide a letter to their employees, so here are the links to the Dept. of Labor
website: http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf and
http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf. The model notices for employers are for both those
who offer a health plan to some or all employees and those employers who do not offer a health plan.
See www.dol.gov, Resources, Affordable Care Act for details.
And, best of all, for USA-S clubs that have requested low cost health care options for coaches, the
Affordable Care Act provides an opportunity for those not covered by a health plan. Beginning
October 1, 2013, insurance exchanges in the United States and the District of Columbia will start selling
medical insurance policies online. The policies will be grouped by tiers (platinum, gold, silver and
bronze) plus there will be a low-cost catastrophic option for those under 30. The finer the metal the
more you pay in premiums and the more the policies cover. Premiums will vary within each tier, as will
the deductible, co-pay, and co-insurance rate.
As an example, the average cost of the second cheapest silver insurance policy for a 40 year old swim
coach with a wife and two children, nonsmokers, with a family income of $33,000 will be $1,129. The
subsidy from the Affordable Care Act will be $10,414 for a total cost of $11,543. The subsidy is the gap
between what the coach is required to pay and the cost of the second-cheapest silver health care plan
per the Kaiser Family foundation subsidy calculator. The maximum percentage of income at $33,000
that the coach must pay for health insurance premium will be 3.4%. At $50,000 the maximum
percentage is 6.7%. At $65,000 the maximum percentage is 8.8%. A website that compares plans and
rates is www.HealthPocket.com. You can find your state’s shopping portal at www.healthcare.gov.
These issues were discussed in the Operational Risk Committee meetings at the recent USAS Convention
and several clubs and LSCs mentioned they would like to receive information about the Affordable Care
Act. We are providing this information as many of you have employees who may need to receive a
notice under the Affordable Care Act or have USA Swimming member coaches who are interested in
insurance.
If you need in person assistance, traditional insurance brokers will be certified to sale plans on the
insurance exchanges. You can find an agent at www.nahu.org or www.iiaba.net .
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