Htown Harry
Thinks s/he gets paid by the post
- Joined
- May 13, 2007
- Messages
- 1,525
I'm planning to be on obamacare In future. We will be family of 5 until my daughter finishes her college in 2022 and then family of 4 until 2030...that means i will keep MAGI below 110K initially and then 92K after 2022. Kids up to 26 can stay on parents plan provided they're in college and hoping my kids get into medical college which takes 8 yrs to complete.
There may be provisions related to household size and the subsidy thresholds with other implications, but it is not a requirement for the adult child under 26 to live at home or to be a student in order to continue as an enrollee on a parent's employer-based family HI. This went into effect in early 2012, I believe.
My DD, 23, is in the sweet spot. She graduated from college just a few months before my employer's annual plan enrollment allowed adult children to remain on their parents' plan until 26. (Before that, she was eligible to stay on the plan only as long as she was a full time student.) When she turns 26 in 2015, Obamacare should be well-established with most of the first-year craziness over with.