User Avatar

By Ryan Kennelly

July 5, 2016

Topics:

  • Individual & Family Health Insurance
BACK TO BLOG

Is There a Penalty If My Employer Offers Coverage But I Don’t Want It?

July 5, 2016

  • Individual & Family Health Insurance

If you are offered coverage through your employer, you can enroll in a Marketplace plan instead, but you probably won’t qualify for a premium tax credit and other savings — even if your income would qualify you unless your employer plan is considered unaffordable.

An employer health plan is considered “affordable” if your share of the monthly premiums for the lowest-cost self-only coverage that meets the minimum value standard is less than 9.66% of your household income.

Want to Join Independent
Health Agents?

We’d be happy to have your join our team of independent agents.

JOIN NOW