Find out if the Family Glitch Fix will benefit you! Previously, you may not have qualified for a subsidy to apply towards health insurance purchased through marketplace, due to being offered coverage through an employer sponsored health plan.
However, October 2022, the IRS has finalized changes, making some families newly eligible for subsidies (starting in 2023), as long as the coverage offered through the employer is deemed “unaffordable.” Employer sponsored coverage is deemed “unaffordable” if the cost to add the dependents is more than 9.12% of the household income. Note that the employee will have a separate affordability determination, based on the cost of coverage for the “employee only” cost, so it may be possible for employer sponsored coverage to be affordable for the employee, but not their dependents. In that case, the dependents may be eligible for a subsidy in the marketplace, but the employee would not.
To find out if your dependents may pass the “affordability test” use this “affordability calculator” to help you determine if your dependents may qualify to apply for a subsidy: