An IRS proposal that would make it easier for families to get subsidies for health insurance in the Obamacare exchanges would help businesses that would no longer need to pay some of those costs, health insurance brokers say.
The proposal (RIN 1545–BQ16) published in the Federal Register on April 7 would change current regulations to allow family members that qualified to get subsides in the Affordable Care Act exchanges. Currently, family members are excluded from ACA subsidies if anyone in a household has access to an employer-sponsored plan that meets ACA requirements for affordability and coverage, which has been dubbed the “family glitch.”
ACA supporters have long advocated for allowing family members to get the subsidies, arguing that many families can’t afford coverage even if they have someone in their household who has employer coverage. But the proposal is costly, estimated at more than $45 billion from 2020 to 2030, and White House estimates show it would lead to only 200,000 uninsured people gaining coverage.
The rule, if finalized, could also be subject to legal challenges. In a May 11 letter to IRS Commissioner Charles Rettig, three Republican senators said the proposal “not only runs counter to the plain reading of the law, but would dramatically expand spending on Obamacare plans and result in a significant shift of individuals out of...
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