I’m planning to switch jobs later in the year. Huge voluntary lifestyle change. Going from city to rural. From corporate to small outfit, while taking a pay cut from $145k to $55k. (North Carolina). I thought I had our projected budget all squared away, when this morning two words in our employee handbook sent me into a researching tailspin... 75% subsidy for “employee only” health coverage. My current job has amazing benefits. I don’t pay much for coverage for my wife and I. Now I have to find a way to insure her separately with the new job, on top of a massive pay cut?
My wife won’t be working because we have two young kids. Our kids are adopted so they qualify for Medicare, but seeing some of the whopper monthly premium amounts has me reeling. I’m realizing we fall into what is called the “ACA Family Glitch”. This may singlehandedly kill my career move if we are paying nearly 40% of our NET income on just insurance alone. Have any of y’all experienced this and found a work-around? How do average-income Americans live simply with such a gigantic financial burden?
Submitted April 25, 2021 at 04:44PM by PisgahTime https://ift.tt/32NnS0Q
