- 948
They do not qualify or want a subsidy. Do they get stuck with employer's inadequate coverage, or can they buy off exchange & just pay for it?
Can Someone Buy Off Exchange, if Employer Coverage is Lousy?
- Thread starter cadylou
- Start date
- 599
They can buy off exchange - as long as they qualify for an SEP or there's a plan that allows year round enrollment. Remember, them choosing to drop their employer sponsored coverage is not an SEP.
- Thread starter
- #3
- 948
They'd be leaving the job and losing that coverage. Then they want to buy an off exchange plan if new employer's plan stinks.
- 599
Then there should be no problems.
- 1,007
you cannot leave employer coverage just because the coverage "Stinks" or
is costly. If coverage is lost because the employer cancels the policy then that would create a qualifying event.
is costly. If coverage is lost because the employer cancels the policy then that would create a qualifying event.
- 599
If you take COBRA, you don't get an SEP. Otherwise, in this case the person is fine since they are leaving their current job and therefore don't qualify for the insurance anymore. They can therefore sign up on or off exchange. When they get a new job, they can compare their current coverage to the employer coverage and stay with the plan they have if they want since there is no subsidy involved.
- Thread starter
- #9
- 948
They are not "opting out of a group plan". They are leaving a job - hence, losing coverage. They wanted to know if they could then buy off exchange - even if a new employer they ended up with later had insurance offered in the workplace but it was lousy. They do not want a subsidy.
I believe they would not have to give up their off-exchange family policy to join the employer based plan - right?
Wrong, they can keep their OFF exchange policy, and not join the group.
If they were ON exchange, and receiving subsidies, then they would lose the subsidies if offered group, and group would be the better move.
Similar threads
