New York Essentials Plan- on the cusp of qualifying

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I have a few related questions about individual health insurance options in New York state. (I am 29yo, zip code 14850)

According to what I’ve read, $25520 per year is the income limit to qualify for the NY Essentials Plan. Last year, I made less than this, so I qualify according to the NY marketplace website. However, in 2021 I expect my income to increase month to month, for an end result that I make sliiiightly more than that amount (~$26000). I have already signed up for the essentials plan for next year. So here are my questions:

  1. When and how is the Essentials Plan means tested? Presumably they won’t just trust that I have accurately reported my income, and will check. Is this checked monthly? Quarterly?

  2. Is it worth quitting my second job (part time, about $400 per month) so that I fall just under the limit, instead of just over? From what I can see, just the premiums alone on a bronze- or silver-level plan, even with the ‘financial assistance’, would cost about $2000 extra per year. And on top of that, the metal level plans have ~$3000+ deductibles. Is there other financial assistance I’m not aware of? Or should I really by quitting my job to be in a better financial position?

submitted by /u/Apolliyon
[link] [comments]
I have a few related questions about individual health insurance options in New York state. (I am 29yo, zip code 14850) According to what I’ve read, $25520 per year is the income limit to qualify for the NY Essentials Plan. Last year, I made less than this, so I qualify according to the NY marketplace website. However, in 2021 I expect my income to increase month to month, for an end result that I make sliiiightly more than that amount (~$26000). I have already signed up for the essentials plan for next year. So here are my questions:
When and how is the Essentials Plan means tested? Presumably they won’t just trust that I have accurately reported my income, and will check. Is this checked monthly? Quarterly? Is it worth quitting my second job (part time, about $400 per month) so that I fall just under the limit, instead of just over? From what I can see, just the premiums alone on a bronze- or silver-level plan, even with the ‘financial assistance’, would cost about $2000 extra per year. And on top of that, the metal level plans have ~$3000+ deductibles. Is there other financial assistance I’m not aware of? Or should I really by quitting my job to be in a better financial position?

submitted by /u/Apolliyon [link] [comments]Read Morer/HealthInsurance

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