It's worse than that. Remember this is a $5000 tax credit, not a check. Depending on your income, the tax credit will most likely amount to a few hundred bucks. But you'll lose that from the cancellation of the tax credit on the employer-sponsored insurance. If you're lucky enough to retain your employer-sponsored insurance, your expense will go up. If you lose your employer-sponsored insurance, you're screwed because you won't be able to buy a $12,000 policy with the few hundred bucks that you'll get from the $5000 tax credit. It's more than a bridge to nowhere. It's an insult to intelligence. Only a complete moron would think this plan is a good idea.

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2004 VW Jetta TDI (manual)

Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL