Santa Claus Fixes The Family Glitch Using Other People’s Money

The Department of the Treasury (Treasury) notice of proposed rulemaking on the “family glitch” expands eligibility for free government money to employees’ families when their share of their employer-sponsored premium is deemed to be unaffordable by  faceless bureaucrats in Washington.

Treasury Releases Proposal to Address ‘Family Glitch’

“Without the option of a premium tax credit, some family members are enrolled in coverage today that under the proposed rule would be considered unaffordable. The proposal’s economic analysis indicates that some of those family members will shift to the Marketplace, which could lead to an overall reduction in employer spending on health coverage, but that the number of people taking up the new option could be modest.”  MORE >>

Manatt, Phelps & Phillips, LLP