bpgdeg1234
Recycles dryer sheets
- Joined
- May 7, 2011
- Messages
- 119
Thanks in advance for any assistance. Looking for some additional confirmation / perspectives on the following ACA and retiree healthcare situation.
I am presently bridged in a megacorp retiree medical plan and enrolled with my spouse and 2 or more dependents at a rather hefty "unsubsidized" rate until I reach 55. Once I reach 55 I will then be eligible for a subsidy to help offset some of the cost (TBD on amount).
As a stipulation of the retiree medical plan, I cannot drop coverage and come back into the plan at a later point so we have been paying and plan to continue to pay the monthly retiree medical plan cost until the subsidy kicks in as we want to ensure we keep this option available to us in light of the newness and uncertainty around ACA.
In light of the upcoming ACA changes though, I'm presently investigating whether it is acceptable for only me to remain on the company retiree plan (believe this to be true but not confirmed yet) and consider dropping the wife and children in the upcoming 2014 open enrollment period if we can find less expensive, comparative exchange coverage on the open market.
Figuring this to be true, I can then enroll my wife and two children separately in exchange coverage, resulting in us paying my individual retiree plan premium, in addition to the monthly exchange premium for them, less any premium subsidy based on family size of "four" and income level?
Thanks again for any input / suggestions.
I am presently bridged in a megacorp retiree medical plan and enrolled with my spouse and 2 or more dependents at a rather hefty "unsubsidized" rate until I reach 55. Once I reach 55 I will then be eligible for a subsidy to help offset some of the cost (TBD on amount).
As a stipulation of the retiree medical plan, I cannot drop coverage and come back into the plan at a later point so we have been paying and plan to continue to pay the monthly retiree medical plan cost until the subsidy kicks in as we want to ensure we keep this option available to us in light of the newness and uncertainty around ACA.
In light of the upcoming ACA changes though, I'm presently investigating whether it is acceptable for only me to remain on the company retiree plan (believe this to be true but not confirmed yet) and consider dropping the wife and children in the upcoming 2014 open enrollment period if we can find less expensive, comparative exchange coverage on the open market.
Figuring this to be true, I can then enroll my wife and two children separately in exchange coverage, resulting in us paying my individual retiree plan premium, in addition to the monthly exchange premium for them, less any premium subsidy based on family size of "four" and income level?
Thanks again for any input / suggestions.