I work for a company offering health insurance if employees want it. However, if we choose that insurance we lose $3.81/hour from our salary; which amounts to $660 a month. Since most are retired they do not use the insurance and some bought through the marketplace. Now supposedly by October 1 of this year Full Time Employees must use that coverage whether we want it or not. I can’t afford that. How on earth is this fair?
The mandate is meant to ensure that large employer provide coverage that cost no more than 9.56% of household income. Tax credits in the private market cap peoples insurance costs at 9.5% of household income. Generally, this is the amount that we have "agreed" that is the most any one person should pay for healthcare. Still 9.5%, even after deductions, is steep for any family! Not 100% how you are describing the arrangement with your employer? Does the $3.81 an hour translate to you not paying for coverage? If so this is a reasonable deal. If you still have to pay your half of your premium, then we would really have to dig to see what rules they are using to do this. It sounds pretty grey area if that is the case.
Learn more about the affordability of employer coverage.
Learn more about the employer mandate.