My father covers himself, my mom, and myself (as I am under 26) under his health insurance plan through HMSA, (Blue Cross Blue Shield of Hawaii), through his job. His biweekly premium is just over $295 meaning his yearly contribution towards health insurance for this year will be $7670.
If I read correctly, for the years of 2021 and 2022 due to the American Rescue Plan, a household is eligible for ACA subsidies not only if they do not get coverage through an employer but also if more than 8.5% of the gross income of a household is spent on health insurance. (Please correct me if I am wrong, as the whole premise of this question will fall apart if I am :) )
My households gross income on our tax return for last year was around $82,000. Let's assume with some pay increases my household gross income for this year is $87,500.
If my father and therefore our household is contributing $7670 for health insurance expenditures this year out of an income of $87,500, that is over 8.5% of our income; it would be around 8.8% of our income.
At the moment, we have no plans to change our health insurance coverage for the rest of 2021.
In anticipation for 2022, I am going to assume that his premiums for next year will increase more than the pay raises both him and my mother will receive (as they have every year for years). This leads to the assumption that if he or my mother were to get coverage for our household next year, it would cost more than 8.5% of our household income. My question is, although we do not qualify for ACA subsidies because my father gets coverage through his employer, would we qualify for ACA subsidies if his employer health insurance will cost more than 8.5% of our household income?
(Side note, to get coverage from my moms job would be over $9600 a year so definitely not a better deal than getting it from Dad's job)
(Side side note, since we live in Hawaii the FPL is a little different here. For a family of 3, 400% FPL is >$100,000/year, so we are definitely below 400% FPL in Hawaii.)
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