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Has anyone successfully navigated ObamaCare?
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<blockquote data-quote="Signorina" data-source="post: 613421"><p>Also - MWM - as far as Julie & her SO's premium. Remember that the deduction from her SO's pay should be pre-tax, which may lessen the blow a little bit. I believe the exchange premiums are not tax deductible unless they exceed 7% of your income (as part of the overall medical expense deduction) - so that may be a consideration too. Since they will also have to insure the baby once he/she arrives - his plan may be their best option. He should talk to his HR person or the company's insurance agent and work out the details. For our company, the premium for an employee to add 1 dependent is $500ish, and the premium to add 1 or more dependents is less than $700, so it isn't like it doubles for 2 versus 1. There is also some caveat about determining whether the employee plan is affordable, and if the gov't considers it affordable, then the person or the dependent won't qualify for the low cost government plan premiums. Now if Julie is not his wife; it won't matter but it will effect the baby regardless. Again, I am basing it on the information I received from our agent - as employers we are trying to navigate these waters and it isn't easy. We just had to send out a letter to our employees detailing that our health insurance is "affordable" which meant that they won't qualify for the low premium government plans. Even our agent is confused - but I just thought I would put it out there - for Julie to look into...</p><p><img src="/community/styles/default/xenforo/smilies/smile.png" class="smilie" loading="lazy" alt=":smile:" title="smile :smile:" data-shortname=":smile:" /></p></blockquote><p></p>
[QUOTE="Signorina, post: 613421"] Also - MWM - as far as Julie & her SO's premium. Remember that the deduction from her SO's pay should be pre-tax, which may lessen the blow a little bit. I believe the exchange premiums are not tax deductible unless they exceed 7% of your income (as part of the overall medical expense deduction) - so that may be a consideration too. Since they will also have to insure the baby once he/she arrives - his plan may be their best option. He should talk to his HR person or the company's insurance agent and work out the details. For our company, the premium for an employee to add 1 dependent is $500ish, and the premium to add 1 or more dependents is less than $700, so it isn't like it doubles for 2 versus 1. There is also some caveat about determining whether the employee plan is affordable, and if the gov't considers it affordable, then the person or the dependent won't qualify for the low cost government plan premiums. Now if Julie is not his wife; it won't matter but it will effect the baby regardless. Again, I am basing it on the information I received from our agent - as employers we are trying to navigate these waters and it isn't easy. We just had to send out a letter to our employees detailing that our health insurance is "affordable" which meant that they won't qualify for the low premium government plans. Even our agent is confused - but I just thought I would put it out there - for Julie to look into... :smile: [/QUOTE]
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Has anyone successfully navigated ObamaCare?
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