My employer’s plan is grandfathered so it doesn’t cover preventive services. Can I shop for better coverage in the Marketplace if my job-based plan is grandfathered?

Most people are eligible to shop for coverage in the Marketplace. However, you can only qualify for premium tax credits if your job-based plan — whether it is a grandfathered plan or not — is unaffordable or if it doesn’t meet minimum value. Whether your employer’s health plan meets minimum value will depend on a number of factors. The Marketplace application includes a form with questions about job-based coverage. You can take this form to your employer and ask them to fill it out. Alternatively, your employer plan is required to provide you a Summary of Benefits and Coverage. This document should tell you whether or not your employer plan meets the minimum value standard. If it doesn’t, you may be able to qualify for premium tax credits to help pay for Marketplace coverage. (45 C.F.R. § 156.145; 26 C.F.R. § 1.36B-6.)