General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsACA question. If an employer is offering health care insurance for the first time with the option
to accept or decline (the 24th of this month is the dead line) and it looks like the premium would be more then on the open market with tax credits, does one have to accept that health care insurance? TIA.
estimated income for 2015---approx. $21000 single non-smoker age 37. zip code 78232
employer health care premium will be $57 bi-monthly.
glowing
(12,233 posts)SammyWinstonJack
(44,130 posts)forthemiddle
(1,381 posts)You can still buy your own in the marketplace, but you would not be eligible for any subsidies unless the premiums at work exceeded a certain % of your annual income. I am not sure what that % is for 2015.
notadmblnd
(23,720 posts)How much is it available to you for on the open market? Before or after government subsidies?
SammyWinstonJack
(44,130 posts)without $184 for the bronze.
tammywammy
(26,582 posts)If it is less than that and you decline it you're not eligible for any subsidies or tax credits.
moriah
(8,311 posts)Otherwise, no.
SammyWinstonJack
(44,130 posts)SheilaT
(23,156 posts)I always get confused about what bimonthly means.
If it's twice a month, you'll be paying what the Medicare Part B premium would be, which is interesting. And that adds up to about $1300/year, which is decidedly less than 9% of your income.
Sounds like a pretty good deal, given what some companies charge for employee health insurance. Do read the fine print on the policy. While the ACA does require that preventative things be covered, you may be shocked to learn what isn't covered. I once actually read the policy provided through a job, and it was a bit scary.