New job, getting off ACA, having a baby
Hey everyone thanks in advance for any advice!
I live in CO. My husband and I are currently on ACA insurance with a great rate ($286/mo). Husband has been in between jobs so just using my income our subsidy has been great. My job does offer insurance but because of the cost and my modest income we were still able to stay on ACA insurance because the company insurance is not considered "affordable" per the ACA (at least as I understand it). Hit deductible of $1700 a couple weeks ago.
Husband is starting a new job 7/1. My understanding is that as soon as he has income we lose our ACA subsidy and it becomes very expensive. He also is offered insurance through his new employer which he becomes eligible for on 8/1.
I am due to have a baby on 8/4. Ultimately we plan to have all three of us on his company insurance. At a minimum we figured we'd drop him off the ACA insurance starting 8/1. Were a bit concerned/confused about how to handle my coverage and how baby coverage works. We very much want to make sure I don't have a gap in coverage and end up with any extensive/emergency care during birth.
Considering keeping ACA for me for August and having double coverage. While the premium will be pricey this would ideally avoid any potential gap if I went into labor on 7/31 or something. Are we overthinking this potential gap in coverage? I'm guessing the insurance companies would then fight over who is going to be responsible etc. What considerations should we have here?
Hoping the baby can just get on husband's insurance assuming they are born after 8/1. If they are born before 8/1, will they be insured on our ACA plan, even just until the end of the month when his employer plan can cover all of us? My understanding is however they are covered they are in their own deductible/out of pocket max as soon as they are out of the womb.
This is daunting and complicated, so if anyone can steer me in the right direction that would be much appreciated. Thank you!!
submitted by /u/surelyucantbtserious
[comments]
