Health insurance through your workplace might change for 2014. Many employees may have more choices for an affordable health plan. If you already have insurance through your job, health care reform may give you more choices.
How Your Health Insurance Could Change
Depending on the size of the company you work for, you could get insurance through your job for the first time.
If you've been getting health insurance from your employer, you may not see any changes. But you might have a change like one of these:
- Your company may stop offering health insurance.
- Your company could decide to cover workers but stop insuring their families.
- You could decide not to get health insurance through your job and instead buy insurance through your state’s health insuranceMarketplace, also called an Exchange.
- You might have to pay more for your health insurance.
Why the Size of Your Company May Matter
If you work for a company with fewer than 50 full-time workers, you might be able to get health insurance from your job for the first time. Your company may choose to do this since small businesses can now get a tax break for offering insurance.
But keep in mind that small companies do not have to offer health insurance. In fact, your workplace may decide to drop the health insurance it's been offering. Employers with fewer than 50 employees don't have to pay a penalty for not offering insurance.
If your workplace doesn't offer health insurance, you can buy it through your state's Marketplace.
If your company has 50 or more full-time workers, by 2015, it must offer affordable health insurance with at least minimum coverage for you and your dependents. Your dependents are your children up to age 26, but your employer is not required to cover your spouse. If your company doesn't offer this level of insurance it will have to pay a penalty. Some big companies may choose to pay the fine.
If your company has more than 200 workers, it's required to continue your enrollment in a health plan you've been in. If you're a new employee, the company must automatically enroll you in one of its plans. But you'll still have a chance to opt out of the plan if you want.
What to Do if Your Job's Insurance Is Too Costly
You do not have to enroll in the insurance offered at your place of work. Instead, you can buy insurance through your state’s health insurance Marketplace.
Through the Marketplace, you'll be able to pick a plan that fits your needs and your budget. You also may get a tax credit to help you pay for the insurance.
You can buy insurance through a Marketplace starting in October 2013.