Families Not Included in “Affordable” Health Insurance, New Federal Rule

This will be an interesting year in learning how health care will change when 2014 gets nearer and we learn more about how the IRS will treat insureds and their families.  There was a recent decision by the IRS to only include employees–and not their families–in the definition of affordable health insurance under the new law.  That means that families may have to pay a lot of money for health insurance coverage and at the same time not qualify for the subsidies called for under Obamacare for insurance that is too expensive through employers.  From the New York Times:

In deciding whether an employer’s health plan is affordable, theInternal Revenue Service said it would look at the cost of coverage only for an individual employee, not for a family. Family coverage might be prohibitively expensive, but federal subsidies would not be available to help buy insurance for children in the family.

As insurance has increased faster than the pace of inflation and wages and salaries recently, more and more families have been unable to afford health insurance.  

For the entire article from the NY Times, click here.

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