Confused on Insurance options from Employer when compared to Marketplace.

Hi everyone, I need some information as I’m not understanding what I’m missing –

We just got a little bit of info on healthcare plans for next year via the employer and it sounds like the cost will go up by another 15% for my family. This led me to look at the marketplace and… Several of the plans there seem to have equivalent or better coverage, with better deductibles and copays. Including ones from the same firm that services our Employer.

So this is what confuses me – it says for the current year that my employer contributes $460 towards my insurance plan per month, and I contribute another $1460. This is before this year’s price increase. Yet on the market place I’m seeing better plans for next year for $1420-$1580. So how can that be? Is it because the employer plan does not seem to care how many children I am covering but the marketplace does seem to care about that?

Is it possible to use my employer to only cover myself and put the rest of my family on the Marketplace plan?

One small wrinkle is that employer has this health spending thing where they cover the first 1.5k of the deductible cost.

I’m the sole provider in the family. Covering myself, my wife and two toddlers. I almost never go to the doctor, but wife does all the time. Children sometimes go for checkups and such.

Anyway, please let me know how to traverse this situation. As it is – it seems like I’ve been an idiot to put my family on the Employer’s plan and should definitely move to the ones on the marketplace for 2022.

submitted by /u/sergius64
[link] [comments]Hi everyone, I need some information as I’m not understanding what I’m missing – We just got a little bit of info on healthcare plans for next year via the employer and it sounds like the cost will go up by another 15% for my family. This led me to look at the marketplace and… Several of the plans there seem to have equivalent or better coverage, with better deductibles and copays. Including ones from the same firm that services our Employer. So this is what confuses me – it says for the current year that my employer contributes $460 towards my insurance plan per month, and I contribute another $1460. This is before this year’s price increase. Yet on the market place I’m seeing better plans for next year for $1420-$1580. So how can that be? Is it because the employer plan does not seem to care how many children I am covering but the marketplace does seem to care about that? Is it possible to use my employer to only cover myself and put the rest of my family on the Marketplace plan? One small wrinkle is that employer has this health spending thing where they cover the first 1.5k of the deductible cost. I’m the sole provider in the family. Covering myself, my wife and two toddlers. I almost never go to the doctor, but wife does all the time. Children sometimes go for checkups and such. Anyway, please let me know how to traverse this situation. As it is – it seems like I’ve been an idiot to put my family on the Employer’s plan and should definitely move to the ones on the marketplace for 2022. submitted by /u/sergius64 [link] [comments]Read Morer/HealthInsurance

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