Hey Everyone. I have a quick question. I believe the answer is “no”, but read something that might make it “maybe” so figured I would ask.
Our daughter has her health insurance through my work under my plan. I work for a small company, so our rates are pretty high. Her premium alone costs me almost $400/month (vs $0 if it was just me for the same plan).
My wife’s employer insurance was about the same, so it didn’t really matter previously. However, her company just got bought out and everyone is being moved to a much better plan during their new open enrollment (and those dates changed from last year with the merger). As such, the cost to add our daughter to her plan would be about $130/month. Plus, it’s a much nicer plan (PPO vs HMO, better co-pays, lower deductible and OOPM, etc.).
The issue is, my work plan runs October-September and her open enrollment is now going to have her new plan start in July. So we have a three month overlap between when we can add our daughter and before we could normally remove her from my plan (July->October).
Is it possible, under these circumstances, for me to remove my daughter from my work plan before open enrollment? Ideally, I would like to drop my daughter from my plan on July 1 so we can add her to my wife’s new plan without paying for two premiums. I don’t believe it would be a normal qualifying event, but maybe because her company got bought out, it might be an exception? To be clear, she is/was working for a private company that got bought out by a larger public company. Technically, nothing really changed much on her side, but the newly combined company does have a new name, ownership, etc., and while this is more semantics, it could (maybe) be considered her having new employment.
Worst case scenario, we will probably just double pay for those three months since the added cost ($130×3=$390) would be covered by the savings of moving her within two months after October, and anything after that is pure savings.
Any help would be greatly appreciated. Thanks!
submitted by /u/enki941
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Hey Everyone. I have a quick question. I believe the answer is “no”, but read something that might make it “maybe” so figured I would ask. Our daughter has her health insurance through my work under my plan. I work for a small company, so our rates are pretty high. Her premium alone costs me almost $400/month (vs $0 if it was just me for the same plan). My wife’s employer insurance was about the same, so it didn’t really matter previously. However, her company just got bought out and everyone is being moved to a much better plan during their new open enrollment (and those dates changed from last year with the merger). As such, the cost to add our daughter to her plan would be about $130/month. Plus, it’s a much nicer plan (PPO vs HMO, better co-pays, lower deductible and OOPM, etc.). The issue is, my work plan runs October-September and her open enrollment is now going to have her new plan start in July. So we have a three month overlap between when we can add our daughter and before we could normally remove her from my plan (July->October). Is it possible, under these circumstances, for me to remove my daughter from my work plan before open enrollment? Ideally, I would like to drop my daughter from my plan on July 1 so we can add her to my wife’s new plan without paying for two premiums. I don’t believe it would be a normal qualifying event, but maybe because her company got bought out, it might be an exception? To be clear, she is/was working for a private company that got bought out by a larger public company. Technically, nothing really changed much on her side, but the newly combined company does have a new name, ownership, etc., and while this is more semantics, it could (maybe) be considered her having new employment. Worst case scenario, we will probably just double pay for those three months since the added cost ($130×3=$390) would be covered by the savings of moving her within two months after October, and anything after that is pure savings. Any help would be greatly appreciated. Thanks!
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