Greetings,
Next week I will be starting a new job in a new City and am trying to figure out how to handle health insurance for my fiancee and I. Having done some research, I believe we are getting hit by what is known as the "family glitch". Here is the key info:
-New Salary: $70,000 + bonus (unknown)
-Fiance: $0 (unemployed currently as we just moved. Will likely obtain employment that does not offer any benefits. Thank Nannying/Retail etc)
-We're getting married on October 27th, so let's assume we are married now for the purposes of the discussion.
-The new job has $0 cost for employee medical coverage. The deductible is only $2000 for an individual or $4,000 for family. To add a spouse requires a $316 deduction every pay period (biweekly). So the spousal coverage will cost about $632 a month gross or about $400/month in net cash pay deductions.
-It seems that my fiancee can get a High Deductible plan ($7,100) through the ACA marketplace for about $230 per month. This is unsubsidized as apparently my income of $70,000 is too high to qualify for subsidies. I do not believe that any part of this $230 per month can be used as a tax deduction later when we file?
As we're both healthy and not planning to have kids anytime soon, it seems clear to me that the best path forward is to split our coverage and have her covered on her own unsubsidized individual policy. Is there anything I am missing or should be taking into account?? Is there any reason why I should add her through the work policy and pay the extra cost?
Thanks in advance for any info!