I foresee a lot of small employers dropping their plans.
Think about it, if your employer doesn’t pay the bulk of the insurance and you’re a 40 something family of 4 you’d get $10,000 of tax credit if your employer doesn’t offer a plan, that’s $850/month towards a health plan on the individual market.
If they do offer something, you get nothing. Even if that something is a sub-60% plan.
As a couple you only can claim the benefit by filing jointly. So in the case of a prior employer that offered $400/month towards individual or family group plan. I wouldn’t be able to get the tax credit for either myself, my spouse or kid.
Going to be a lot of mad worker bees when they figure that out.
I really doubt most employers will give the people pay raises of the few hundred per month that they contribute today towards health plans and say ‘here’s a compensating pay raise’ now go buy your own and take the Fed tax credit…
