Your Guide to Health Insurance in Wichita, KS for 2024: Navigating the Family Glitch

Last Editied Febuary 13, 2024

Understanding the 'Family Glitch' in 2024

The ‘Family Glitch’ has been a significant concern under the Affordable Care Act (ACA), affecting families’ ability to afford health insurance through the Marketplace. This glitch arises when employer-provided insurance is deemed affordable for the employee but not for their dependents, yet those dependents are not eligible for subsidies in the Marketplace.

The 2024 Update

For 2024, the IRS has made adjustments to ensure more families can access affordable health insurance. If the cost of insuring dependents under an employer’s group plan exceeds 8.39% of the household’s income, those dependents are now eligible to enroll in the Marketplace and receive tax credits. This update from the previous year’s threshold of 9.12% reflects the government’s commitment to making health insurance more accessible and affordable.

This change is particularly relevant for Wichita, KS families, where the cost of living and healthcare needs may vary significantly from the national average. The 2024 application process for health insurance through the Marketplace will include detailed questions to accurately assess the affordability of dependent coverage, ensuring that more families can benefit from subsidized options.

What This Means for Wichita, KS Residents

This change is particularly relevant for Wichita, KS families, where the cost of living and healthcare needs may vary significantly from the national average. The 2024 application process for health insurance through the Marketplace will include detailed questions to accurately assess the affordability of dependent coverage, ensuring that more families can benefit from subsidized options.

How We Can Assist

At ICT Insurance Group, we are dedicated to guiding Wichita, KS residents through the maze of health insurance options available. Understanding the latest rules and how they affect your choices is crucial for securing the best possible coverage for you and your family.

Whether you’re exploring health insurance for the first time or looking to reassess your current plan in light of the 2024 changes, our team is here to provide the expertise and support you need. We’ll help you navigate the Marketplace, understand the implications of the ‘Family Glitch’ for your family, and find a plan that fits your budget and meets your healthcare needs.

Need help navigating the complexities of health insurance. Contact us at ICT Insurance Group, and let’s ensure you’re making the most informed decisions for your health insurance in 2024.

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