When does the penalty/tax for Obamacare kick in? | TigerDroppings.com

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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
23100 posts

When does the penalty/tax for Obamacare kick in?



When would one need to get insurance? If someone were to lose their job/medical insurance can they wait until the last week of the year to get insurance & avoid the tax?

Do you just have to have health insurance at some point in the year, when you file your taxes, 50% of the year, 75%?







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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
23100 posts

re: When does the penalty/tax for Obamacare kick in?


does anyone know?





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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: When does the penalty/tax for Obamacare kick in?


Ask Nancy, she knows it all since it was passed.





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Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2665 posts

re: When does the penalty/tax for Obamacare kick in?


quote:

When would one need to get insurance?


2014






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CamdenTiger
Member since Aug 2009
27699 posts
 Online 

re: When does the penalty/tax for Obamacare kick in?


There are some taxes that started already, but the full, "you better be insured, or else" starts next year.





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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
23100 posts

re: When does the penalty/tax for Obamacare kick in?


quote:

but the full, "you better be insured, or else" starts next year


Do you have to be insured all 365 days, 183 days? Or do you have to be insured by Dec. 31st? Is the tax pro rated based on the # of days you had insurance?






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thelsutigers
LSU Fan
Lubbock, TX
Member since Nov 2009
3255 posts

re: When does the penalty/tax for Obamacare kick in?


quote:

Do you have to be insured all 365 days, 183 days? Or do you have to be insured by Dec. 31st? Is the tax pro rated based on the # of days you had insurance?








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Ponchy Tiger
LSU Fan
Ponchatoula
Member since Aug 2004
23917 posts

re: When does the penalty/tax for Obamacare kick in?


The penalty starts next in 2014 and more than doubles in 2015.

As it is right now if I had to buy insurance through the exchange it would cost me $396.17 a month.






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WmWallace
Ole Miss Fan
Baton Rouge
Member since Jan 2012
1642 posts

re: When does the penalty/tax for Obamacare kick in?


Never, it's all free, all day, all the time..if you ever step foot in the country illegally, apply for a sex change, or were a casualty on the war on women..congrats!





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