Post # 1
FI makes pretty good money, but his company does not have to offer insurance since it’s so small.
My company offers insurance to married couples, but the monthly cost for adding a spouse is well over $500. It’s good insurance, but there’s no way we see $500 worth of benefit from it per month.
Right now he has no insurance–not a good solution, I know–but he is thinking of signing up on the exchanges.
I am worried that once we are married, he will no longer be able to access the exchanges, and instead will be forced to take insurance through my employer, especially since he makes too much to qualify for any subsidy.
I already pay $150 a month out of my paycheck toward insurance. The two of us together will be about $700. That’s kind of insane. We can afford our wedding, but now I am worried whether we can afford to be married….
Post # 3
He can access the exchanges after you are married. There is no reason he would have to use your employer’s insurance. He is saving your company money if he doesn’t take it.
Post # 4
@EffieTrinket: As far as I know, even if you are married he can still go to the marketplace to purchase insurance…
It’s all fuzzy though, so I’m more commenting to follow than anything! It’s expensive to be married!
Post # 5
@MrsTVLover: Do you have a source for that, by chance? It seems like several different things have been said about this in the media, some of which seem to conflict.
Post # 6
I would call other insurance companies. My sister doesn’t have a job right now and she pays 300 a month in a private insurance company for reasonable coverage. 500 sounds crazy.
And I’m not 100 percent positive so don’t quote me on this but to my knowledge you are always eligible to receive insurance in the exchanges. But if you have insurance elsewhere you won’t get any government supsidies…. which depending could be well over 500 a month. But if you make too much money he might not be eligible for subsidies anyway.
Shop around he might get better insurance outside of the exchanges. I have yet to hear one person say they got any sort of reasonable rate or reasonable plan from obamacare… but then again no one knows because no on can get on the website… and if they do the rates not always accurate. I would do everything in my power to stay out of that mess.
Post # 7
Right now I am unemployed but because I’m 25, I’m still eligible to be on my parents’ insurance until I’m 26. However, I turn 26 next month so I have also been looking on the healthcare.gov web site.
You can get insurance under the ACA if you are married. My FI works for his family’s business and they pay a lot for insurance so I was looking for when we get married. The “affordable” moniker is not true at all.
You also, like Kate0558 said, look for private insurance outside the exchanges. I was actually able to find cheaper coverage on my own than through the exchange.
Post # 8
No, you aren’t required to have your employer’s insurance and choosing not to does not make you uneligible for the Marketplace or other private insurance. I know it doesn’t because my place of employment, my dad’s, and my sister’s all sent us letters about how we didn’t have to elect to use their insurance and could get on the marketplace. I also know other couple’s who are not on each other health insurances.
Post # 9
He can definitely access the exchanges.
But the exchanges may not wind up being cheaper than your insurance, if he doesn’t qualify for a subsidy.
One thing I heard is that if you’re under 30 you can qualify for a special “catastrophic” plan which is cheaper. But if you’re over 30 you’re SOL I guess.
Post # 10
I bummed around on that website for a few seconds.. until I got a quote of $600/month for just me. I closed that tab and never looked back.
Post # 11
I have insurance through work, but out of curiosity I just spent 2 minutes on the site to see hypothetically what the cost would be for me. I know varies by state, I am in California, but for me coverage options started at $178/month for the very basic plan and went up to a max of high $300’s for the “platinum plan”. That is without any subsidies. I actually was pleasantly surprised because based on comments I’ve heard like what
@jenilynevette: said, I would have expected it to be much more. I feel like anyone who needs coverage, should look into it for themselves, an don’t be discouraged based on other people’s negative experiences or comments.
@EffieTrinket: I think your husband should definitely look into it. Depending upon what level of coverage he wants, he may be able to find something much more affordable than $500/mo. Just based on my 2 min search the premium plan in my area was approx $125/mo cheaper than that. And please, regardless of where he decides to get it from, encourage your husband to get some sort ounhealthy insurance. Being uninsured is risking a financial catastrophe.
Post # 12
@EffieTrinket: My husband owns a company that provides insurance for its employees, and he is a part of that group plan as well. i quit my corporate job (and the phenomenal insurance coverage at a $65/mo personal contribution that came with it) when we got married, and we thought we could add me to his plan for a reasonable cost. Nope, over $500, even though he pays less for single, under 30 female employees! who knows.
I looked at the exchanges and the rates were very high for (IMO) unimpressive coverage. So, I just shopped around on my own. I found a good plan through a very reputable provider (decently low deductible, ACA compliant so it wont disappear) for $240 a month. It would have been right under $200 if it weren’t for my pre-existing ADHD and related meds.