110% MAGAZINE ~ winter 2014 (issue 16) | Page 9

In other words, in most cases the plan will cover 60% of the covered medical costs and the person with coverage pays 40%. You should ask your employer for help figuring out if the plan offered to you meets the minimum value standard. Your employer can also give you the information needed to determine if the plan is considered affordable to you. One way to gather this information is by asking your employer to fill out an Employer Coverage Tool. Consider your choices carefully If it turns out that you don’t qualify for lower costs on insurance you’d buy through the Marketplace, be sure you take this into account before you consider choosing a plan other than your employer’s. Your rights, protections, and benefits The health care law provides important new rights, strong consumer protections, and key benefits that apply to most jobbased insurance plans. 9