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Old 01-30-2013, 12:31 AM
jasg jasg is online now
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Quote:
Originally Posted by Mdcastleman View Post
The impression I got is you don't get a rebate if you can get coverage from your employer no matter what percentage you pay, the rebate is only for policies bought on the exchanges.
From the link above:

Quote:
To be eligible for the premium tax credits, individuals must not be eligible for public coverage—including Medicaid, the Children's Health Insurance Program, Medicare, or military coverage—and must not have access to health insurance through an employer. (There is an exception in cases when the employer plan does not cover at least 60 percent of covered benefits on average or the employee share of the premium exceeds 9.5% of the employee's income.)
As I understand the law, this exception is to encourage employers to provide good, affordable coverage or pay a penalty.

Last edited by jasg; 01-30-2013 at 12:34 AM.