Questions about Switching from Individual Plan to Employer Plan After Starting New Job
Hi, so I'm starting a new job later this month. I'm currently on an ACA Silver Plan in NY with subsidies (I've been un/under employed this year but was scared/confused about medicaid, so I opted for an individual plan). My plan is about $550 a month, with a $300 a month subsidy. I just hit my deductible for the year. If I take employer insurance, the monthly premium will be lower, but my deductible will reset. I'm trying to figure out if I should switch, or stay with my current insurance for the rest of the year. The amount of income I'll be getting from this new job would put me above the subsidy level I think. Does that mean I'll have to pay back the subsidies for the 8 months I didn't have steady income? The full 12 months? Or just the remaining months that I am actually making money? And will I have to pay back the subsidy regardless of whether or not I switch to the employer insurance, or keep my individual plan for the rest of the year?
submitted by /u/BuffaloSabresFan
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