Can You Lose Your ACA Plan if you get Employer-Sponsored Insurance?

The Affordable Care Act (ACA) provides health insurance to millions of Americans. If you have an ACA plan, you may be wondering what happens if you get a job with employer-sponsored insurance.

In this blog post, we will discuss the rules surrounding ACA plans and employer-sponsored insurance.

Employer-Sponsored Insurance vs. ACA Plans

Employer-sponsored insurance is health insurance that is offered by your employer. ACA plans are health insurance plans that are purchased through the Health Insurance Marketplace. Employer-sponsored insurance plans are often more affordable than ACA plans, but they may not offer the same level of coverage.

Can You Keep Your ACA Plan if You Get Employer-Sponsored Insurance?

The answer to this question is yes, but it depends on your specific situation.

– If your employer-sponsored insurance is affordable and provides minimum essential coverage, you can keep your ACA plan.

– However, if your employer-sponsored insurance is not affordable or does not provide minimum essential coverage, you may lose your ACA plan.

To determine if your employer-sponsored insurance is affordable, you must compare the cost of the plan to your household income. The IRS has a formula for determining if a health insurance plan is affordable.

To determine if your employer-sponsored insurance provides minimum essential coverage, you must review the plan’s benefits. Minimum essential coverage includes essential health benefits, such as doctor visits, hospitalization, and prescription drugs.

What Happens if You Lose Your ACA Plan?

If you lose your ACA plan, you will need to find other health insurance. You can purchase a health insurance plan through the Health Insurance Marketplace or you can purchase a plan directly from an insurance company.

If you do not have health insurance, you may be subject to a tax penalty.

How to Avoid Losing Your ACA Plan

If you want to keep your ACA plan, you should make sure that your employer-sponsored insurance is affordable and provides minimum essential coverage.

– If your employer-sponsored insurance is not affordable, you may be able to get help paying for the plan through a premium tax credit.

– If your employer-sponsored insurance does not provide minimum essential coverage, you may be able to purchase a separate plan that provides minimum essential coverage.