Rick Thornton, a Corpus Christi health insurance agent, said there will likely be legal challenges to a new rule fix that will make it easier for families whose members have employer-sponsored health plans to get ACA subsidies.
Corpus Christi health insurance will see undergo significant changes moving forward as the Internal Revenue Service moves to expand the Affordable Care Act Subsidies to millions of American families. This change to what has been dubbed the “family glitch” should affect 5 million people, and more than 500,000 individuals could end up leaving employer coverage if they don’t get these subsidies included in their work plans. Detractors say that while this could benefit many Americans, the current administration’s plan to expand the ACA will force the IRS to change its enforcement of the tax code.
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Obviously, this could pave the way for future lawsuits and impact individuals and families with health insurance in Corpus Christi. Detractors explained their disdain for the decision, saying that the final rule is illegal because the statute defines an affordable plan as a self-only plan rather than one that includes family members. Per an article in Bloomberglaw. “The final rule (RIN 1545-BQ16) from the Internal Revenue Service is meant to close the “family glitch,” which prevents family members from receiving Affordable Care Act subsidies if a household member has access to employer-sponsored coverage that meets the law’s requirements for affordability and coverage. The law requires that employer-sponsored plans be affordable only for employees, not for family members, although family coverage may be unaffordable for the entire household.”
Rick Thornton, a Corpus Christi health insurance agent , said that while detractors have a point to their argument and have a leg to stand on when it comes to legal decisions, it is difficult to ignore the fact that providing extra subsidies for families is a huge benefit since many families can’t afford coverage if someone in the household has employer coverage. According to the Kaiser Family Foundation, an estimated 5.1 million people fall inside the “family glitch.” Time will tell what happens with this new ruling and the legal challenges that result from it.
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