Toys“R”Us Responsibility for Health Care Reform

The health care reform law says that, beginning in 2015, companies with 50 or more full-time employees—like Toys“R”Us—must offer health insurance to full-time employees and children up to age 26. If a company does not offer health insurance, it may have to pay a penalty to the government. 

The health care law says that companies offering health insurance plans must cover at least a minimum amount of health care services and those plans must be affordable to employees. To be affordable, the amount that comes out of an employee’s paycheck for employee-only health insurance under the lowest-cost plan that’s available from the company can’t be more than 9.5% of that employee’s total household income.

"R”Us health plans meet this requirement. That means that if you are eligible for Toys“R”Us benefits, you are not eligible to receive financial assistance (known as “subsidies”) from the government to purchase health coverage through a Health Insurance Marketplace. If you do receive a subsidy while eligible for our plans, you may be required to pay it back to the government.

What Does This Mean For Me?

Toys“R”Us has carefully reviewed its health plans to make sure we are offering coverage that makes sense for both you and the company. We plan to continue offering adequate and affordable health care plans to all regular management or full-time hourly team members. As long as you are not getting health insurance from another source, like from your spouse’s/domestic partner’s, a parent’s employer plan, or Medicaid, we believe a Toys“R”Us health plan may continue to be your best option for health insurance. 

What Do I Need to Do?

If you are not benefits-eligible, find out if you can get health insurance through your spouse’s/domestic partner’s or parent’s plan, the Health Insurance Marketplace available in your state, Medicaid or Medicare, or from another source. You can find out more information about the Health Insurance Marketplace and Medicaid at www.healthcare.gov.   

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