Our experience is that the adult child will lose the subsidy attributable to them and the whole family will lose or reduce their CSRs. Our daughter took her employer's insurance as soon as it was offered.One thing in particular is not clear to me...for an individual, if your employer offers insurance and you instead choose an ACA plan, you cannot receive tax credits.
But what if the employee is on a household ACA plan? Is that person excluded from consideration for subsidies?
She had been offered cash-in-lieu from her employer if she stayed on parents' insurance so we carefully did the math on this one. If she had just lost her share of the subsidy, we would have come out ahead overall. But our trial run in healthcare.gov caused our family deductible and OOP max to shoot way up. So not worth it overall in our case. In a more typical case without cash-in-lieu, it seems the employer plan would be even more clearly a better choice, depending on the quality of the plan of course.
It is worth considering that more people on the plan will help you reach the deductible faster. However, having someone on your plan who declined employer insurance will increase your deductible.
Statistics: Posted by pirsquared — Sat Aug 10, 2024 6:14 pm — Replies 8 — Views 468