Page 46 - 2020 Benefits Guide

Notice of Health Insurance

Marketplace Coverage Options

(as Required by the Affordable Care Act) coverage. Also, this employer contribution – as well
Why am I receiving this Notice? as your employee contribution to employer-offered
Key parts of the Affordable Care Act became effective coverage – is often excluded from income for federal
in 2014, including the launch of the Health Insurance and state income tax purposes. Your payments for
Marketplace (the “Marketplace”). The Marketplace coverage through the Marketplace are made on an
provides a new way to buy health insurance, separate after-tax basis.
from health coverage that may be offered to you
through your employment with Builders FirstSource Information about health coverage available
and its family of companies. The purpose of this notice through Builders FirstSource
is to provide you some basic information regarding If you decide to complete an application for coverage
the Marketplace. Detailed information regarding the in the Marketplace, you will be asked to provide
Marketplace is available at Healthcare.gov. this information. The information provided below
is numbered to correspond to the Marketplace
What is the Health Insurance Marketplace? application.
The Marketplace is designed to help you find health
insurance that may meet your needs and fit into 3. Employer Name* 4. Employer
your budget. The Marketplace is designed to offer (BFS Company Description) Identification
“one-stop shopping” to find and compare private Number
health insurance options. Open enrollment for health (EIN)
insurance coverage through the Marketplace begins Builders FirstSource – Dallas (Corporate) 75-2794867
on November 1, 2019 and ends December 15,
2019 for coverage starting on January 1, 2020. The Builders FirstSource – Atlantic 52-2080519
Marketplace is separate from health coverage that
may be available to you through Builders FirstSource. Builders FirstSource – Florida 52-2172981
The Marketplace can help you evaluate your coverage Builders FirstSource – Raleigh 56-1454419
options, including your eligibility for coverage through Builders FirstSource – Southeast 57-0618425
the Marketplace and its cost. Visit Healthcare.gov for
more information, including an online application for Builders FirstSource – South Texas 75-2916346
coverage or call 1-800-318-2596.
Builders FirstSource – Arlington/Lewis- 75-2831224
Can I save money on my health insurance ville/Jarrell/Sherman
premiums in the Marketplace?
You may qualify to save money and lower your Builders FirstSource–Texas Installed 75-2896780
monthly premium, but only if Builders FirstSource Sales, LP
does not offer coverage, or offers coverage that
doesn’t meet certain standards. The savings on your ProBuild LLC 20-4011397
premium that you’re eligible for depends on your ProBuild (Spenards Builders Supply Inc) 92-0018778
household income.
ProBuild (Dixieline Fund Control Inc) 57-1168729
Does employer health coverage affect eligibility *If you are unsure which Builders FirstSource company you
for premium savings through the Marketplace? work for, please refer to your paycheck or contact Human
Yes. If you have an offer of health coverage from Resources.
Builders FirstSource that meets certain standards, 5.Employer Address: Builders FirstSource, 2001 Bryan
you will not be eligible for a tax credit through the St, Ste 1600
Marketplace and may wish to enroll in coverage 6.Employer phone number: 1-844-216-9320
through Builders FirstSource. However, you may 7.City: Dallas 8.State: Texas 9.Zip code: 75201
be eligible for a tax credit that lowers your monthly 10.Who can we contact about employee health
premium, or a reduction in certain cost-sharing if coverage at this job?
Builders FirstSource does not offer coverage to Corporate Benefits Department
you at all or does not offer coverage that meets 11. Phone number: 1-844-216-9320
certain standards. If the cost of a plan from Builders 12. Email address: benefits@bldr.com
FirstSource that would cover you (and not any Here is some basic information about health coverage
members of your family) is more than 9.5 percent of offered through Builders FirstSource:
your household income (as defined by the IRS) for the • As your employer, we offer a health plan to full-time
year, or if the coverage Builders FirstSource provides employees expected to work at least 30 hours per
does not meet the “minimum value” standard set by week after a 60-day waiting period.
the Affordable Care Act, you may be eligible for a tax • With respect to dependents, we offer coverage to
credit. verifiable spouses and children of eligible employees.
Note: If you purchase a health plan through the • The cost of the employee’s coverage is intended to be
Marketplace instead of accepting health coverage affordable, based on employee earnings.**
offered by your employer, then you will lose the
employer contribution to the employer-offered 14.Does Builders FirstSource offer a health plan that
meets minimum value standards? Yes
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