DID YOU KNOW?
We've repeatedly heard this: "I'm on my spouses insurance plan through work, but it is SO EXPENSIVE. What other choice do we have?"
Historically, if your employer offered health insurance coverage, your spouse and/or dependents were not eligible for the lower premiums of the Affordable Care Act.
In October, 2022, the IRS revised their position that allows families who don't have access to an affordable option through the employees work, to split up(the coverage) and keep the employee with work, while moving the spouse and/or kids to a more affordable option.
Full Guides About What Happened, Here:
Guide for Families - Families on Employer Health Insurance: NEW IRS Rule Gives Relief
Guide for Employers - Employer Plan Sponsors: NEW IRS Rule Gives Relief
Crash Course for Financial Advisors - Financial Advisors: What You Need To Know About Health Insurance Costs And The Family Glitch
This calculator lets you enter your household income, and the price of the plan to cover just you, and your family. Click calculate, and if any of the boxes below the button flash green, that person can opt out of employer coverage and get plans at a lower rate.
If any of the boxes are green, you can start the simple process of finding plans here.
If any of the boxes above are green, you can start the simple process of finding affordable plans here.