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I am not seeing a way to calculate the costs of us purchasing a family plan compared to purchasing each an individual plan.
I have read about some of you doing this to avoid the combined deductible, which makes a lot of sense. The family plan MOOP is $13,200 where the individual plan MOOP is $6600. If only one person gets sick and has big bills, that is a savings of $6600 a year.
The problem is all the calculators ask for household income.
Example (using the Kaiser calculator US average):
Married couple, both age 45, silver family plan, household income $40k
$274 a month premium with a $350 subsidy, max out of pocket $13,200
Married couple, age 45, buying separate plans, household income $40k
$274 a month premium (per person!) with a $38 subsidy, max out of pocket $6600
Single person, age 45, buying individual plan, income $20k
$84 per month premium with $228 subsidy, max out of pocket $2,250
Is this just another example of a marriage penalty or am I supposed to divide the household income by 2 in the calculator for married couples buying individual plans?
Health Insurance Marketplace Calculator | The Henry J. Kaiser Family Foundation
I have read about some of you doing this to avoid the combined deductible, which makes a lot of sense. The family plan MOOP is $13,200 where the individual plan MOOP is $6600. If only one person gets sick and has big bills, that is a savings of $6600 a year.
The problem is all the calculators ask for household income.
Example (using the Kaiser calculator US average):
Married couple, both age 45, silver family plan, household income $40k
$274 a month premium with a $350 subsidy, max out of pocket $13,200
Married couple, age 45, buying separate plans, household income $40k
$274 a month premium (per person!) with a $38 subsidy, max out of pocket $6600
Single person, age 45, buying individual plan, income $20k
$84 per month premium with $228 subsidy, max out of pocket $2,250
Is this just another example of a marriage penalty or am I supposed to divide the household income by 2 in the calculator for married couples buying individual plans?
Health Insurance Marketplace Calculator | The Henry J. Kaiser Family Foundation