DS is approaching 26 years old this October. He is a fulltime college student and is currently under my work insurance plan, but HR has confirmed that his coverage will end at the end of his birth month. We are in California, so I guess our options would be:
1- Medicaid for him (His income is low)
2- Get college student HI
3- I am planning to fire later this year or next, so there could be the option of adding him to DW and my ACA plan once I fire (cost seems to be lower for 3 vs 2 even for max income below the cliff)
My question is: is there some difference in service provided between Medicaid vs ACA (he hardly sees his doctor in the past 5 years under my MC HI plan, so there is no preferred doctor etc.)? We plan to move to the Sacramento area once I stop working.
Another question is: while I am still working, is there a way for me to bring DS income higher to get him qualified for ACA (through family gift etc.)?
We are leaning toward filing tax for him as an independent in 2021. Does that impact his future HI plan in anyway?
Thanks in advance for educating us in this matter.
1- Medicaid for him (His income is low)
2- Get college student HI
3- I am planning to fire later this year or next, so there could be the option of adding him to DW and my ACA plan once I fire (cost seems to be lower for 3 vs 2 even for max income below the cliff)
My question is: is there some difference in service provided between Medicaid vs ACA (he hardly sees his doctor in the past 5 years under my MC HI plan, so there is no preferred doctor etc.)? We plan to move to the Sacramento area once I stop working.
Another question is: while I am still working, is there a way for me to bring DS income higher to get him qualified for ACA (through family gift etc.)?
We are leaning toward filing tax for him as an independent in 2021. Does that impact his future HI plan in anyway?
Thanks in advance for educating us in this matter.