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SammyWinstonJack

(44,130 posts)
Sat Nov 22, 2014, 12:27 PM Nov 2014

ACA 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.

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forthemiddle

(1,381 posts)
3. I believe that if your employer offers insurance
Sat Nov 22, 2014, 12:35 PM
Nov 2014

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)
4. Approximately 7 dollars a week for health insurance is pretty good. No?
Sat Nov 22, 2014, 12:35 PM
Nov 2014

How much is it available to you for on the open market? Before or after government subsidies?

SammyWinstonJack

(44,130 posts)
6. It's my son and the premium is $114 per month. On the open market with subsidies $52 per mo
Sat Nov 22, 2014, 12:39 PM
Nov 2014

without $184 for the bronze.

tammywammy

(26,582 posts)
5. You have to take the employer offered unless it's more than 9.5% of your adjusted gross income.
Sat Nov 22, 2014, 12:36 PM
Nov 2014

If it is less than that and you decline it you're not eligible for any subsidies or tax credits.

moriah

(8,311 posts)
7. If the employer-offered insurance is more than 9.5% of your income, you are eligible for subsidies.
Sat Nov 22, 2014, 12:39 PM
Nov 2014

Otherwise, no.

 

SheilaT

(23,156 posts)
9. Is that $57 twice a month, or every other month?
Sat Nov 22, 2014, 12:41 PM
Nov 2014

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.

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