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View Diary: You may want your Employer to Drop Subsidizing your Insurance (76 comments)

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  •  Part of the diary is definitely not (4+ / 0-)

    a myth and it can hit people with family coverage hard.  For example, right now I get insurance coverage through my husband's job, but he can afford it only because I work.  If I lost my job he would not be able to afford coverage for the insurance (it would be more than 50% of his salary for "family" coverage), but he would not be able to get a subsidy on the exchange because only the individual premium counts when figuring the eligibility for a subsidy.  I would not be eligible for the exchange because I could get coverage through my spouse, even though we couldn't afford it.

    Mind you I am very pro ACA but this catch 22 is a big wrinkle.

    Democrats give you the Bill of Rights; Republicans sell you a bill of goods!

    by barbwires on Tue Aug 20, 2013 at 03:56:28 PM PDT

    [ Parent ]

    •  You would still be able to (0+ / 0-)

      buy insurance through the exchange.  It might not be subsidized or gain a tax credit, but you would still be able to get it.  I'm not sure how much your husband's salary is or how expensive your family policy is now (but it sounds expensive if it's 50% of his salary).

      If you lose your job, I assume your family income will be cut at least in half based on the 50% family premiums of his salary you quoted above.  And you don't indicate the percentage of his insurance premium alone that is above the 9.5% cap that requires him to keep it.  So I can't really comment to that without specific numbers and this is a public forum, but my guess is, you would qualify for a subsidy.

      Initial indications from the states that already have exchanges open, California, Florida, Idaho, to name a few, are that people in your situation are able to get cheaper insurance premiums on the exchanges.  

      I have yet to hear from anyone who has been economically harmed by this law.  Is there someone out there who has actually experienced a rise in premiums?  Anybody?

      We are all in this together.

      by htowngenie on Tue Aug 20, 2013 at 06:32:08 PM PDT

      [ Parent ]

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