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View Diary: 'Cadillac tax' causing some employers to cut back insurance programs (151 comments)

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  •  I don't even think you can opt out of your (0+ / 0-)

    employer plan. Which sucks.

    Right man, right job and right time

    by Ianb007 on Tue May 28, 2013 at 06:41:44 PM PDT

    [ Parent ]

    •  Yes you can (3+ / 0-)

      But... do you want to?  Why would you give up the employer contribution toward your healthcare costs to pay 100% of the premium for the exchange?  Unless, the total cost on the exchange is lower than your portion of the employer plan.

      Employers are required to give Exchange Rights notices to all employees prior to the Exchanges being offered in October. They are not, however, required (and shouldn't) to pay a portion of the exchange premium for any employee who chooses the exchange over the employer plan.

      In fact, employers with over 50 employees who have employees who opt out of their group plan to move to the exchange and qualify for a subsidy will bne required to pay a penalty of $2,000 or $3,000 per year for those employees.  

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