Wednesday, August 15, 2012
Affordable Care Act could stiff some families with children
On Sunday, Aug. 12, on page A10, the New York Times ran a story by Robert Pear, “Ambiguity in health law could make family coverage too costly for many”, link here.
The IRS has been saying that the determination of affordability (before the penalty “tax” kicks in) is based on the cost of individual coverage. But family coverage, especially with children, can be several times an individual’s coverage.
Even when people get insurance through employers, group coverage rates for family coverage are often several times that of employee-only coverage. This was a sore point back in the 90s when I was still well “within my career”.