On Employer plan- Eligible for health care subsidy?
We are retired, still in our mid-late 50's, and because we are not drawing on SS or IRA's yet, fall easily under the 400% FPL income guidelines for healthcare subsidies.
We have "grandfathered status" health insurance coverage through DH former employer. Premiums far exceed the 9.5% expense of income floor in the new legislation. Our only income now is his pension, which just barely covers health premiums, withdrawals from regular savings, and interest and dividends.
What we are unable to determine at this time, is will we or will we not be eligible for healthcare subsidies in 2014? If so, will we have a choice of keeping his plan or switching? It is confusing because when I read about this, it appears those with reasonable employer plans are not eligible in 2014.