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Started By
Message
IRS: Uninsured face fine of nearly $2,500.00
Posted on 7/24/14 at 7:28 pm
Posted on 7/24/14 at 7:28 pm
quote:
The Internal Revenue Service said Thursday individuals who fail to get health insurance this year will be fined a maximum of $2,448 and families with five or more members can be fined up to $12,240. Under the Affordable Care Act’s individual mandate, people are either required to obtain health insurance or risk a tax penalty from the IRS. People who don’t buy health insurance plans that meet the ACA’s minimum standards are fined 1 percent of their annual household income if they make more than $19,650. However if they make less, they are fined a flat rate of $95 annually or are not fined if they make less than $10,150. The IRS released documents Thursday using the Bronze level plans to calculate how much individuals should be fined. Insurance plans under the Bronze level meet the minimum requirements to comply with ObamaCare While they have the lowest premium rates, they also have the highest out-of-pocket costs on the healthcare exchanges. Under Bronze level plans, insurance companies are required to cover 60 percent of an individuals healthcare costs while the individual covers the remaining 40 percent. The IRS calculates the national monthly average premium for Bronze level plans available through the healthcare exchanges this year is $204 per person. Therefore, people who did not buy health insurance could be fined up to that amount for every month they lacked insurance, which comes to $2,448 dollars over the course of one year. A similar calculation by the agency determined the national monthly average premium for such plans is $1,020 for families of five or more people.
LINK
This post was edited on 7/24/14 at 7:30 pm
Posted on 7/24/14 at 7:32 pm to pistolpete23
The money extorted from people who opt out:
what does it go towards?
what does it go towards?
Posted on 7/24/14 at 7:33 pm to HailHailtoMichigan!
quote:
what does it go towards?
Towards the freeloaders I'm already helping feed and shelter.
Posted on 7/24/14 at 7:34 pm to HailHailtoMichigan!
New hard drives?
Posted on 7/24/14 at 7:35 pm to pistolpete23
quote:
IRS: Uninsured face fine of nearly $2,500.00
My hard drive crashed. I should be good.
Posted on 7/24/14 at 7:43 pm to Wolfhound45
quote:
My hard drive crashed. I should be good
Posted on 7/24/14 at 7:48 pm to pistolpete23
I thought it was a tax?
Posted on 7/24/14 at 7:49 pm to pistolpete23
So what, 10 people meet that criteria?
Posted on 7/24/14 at 7:57 pm to pistolpete23
So much for positive reinforcement.
Posted on 7/24/14 at 7:57 pm to pistolpete23
quote:
$2,448
still cheaper than buying health insurance from the exchange.
Posted on 7/24/14 at 7:59 pm to WeeWee
quote:
still cheaper than buying health insurance from the exchange
Yep, but you'll still be without health insurance. Plus it may not be cheaper.
Posted on 7/24/14 at 8:02 pm to Mr.Perfect
It is a tax collectors job to collect for the emperor
Posted on 7/24/14 at 8:02 pm to wfeliciana
quote:
ep, but you'll still be without health insurance. Plus it may not be cheaper
nope my brother bought his straight from BC/BS of La.
$350/month (was $105 last year) $5000 deductible (was $1500). Cheapest exchange was $800/month and $12,000 deductible.
Posted on 7/24/14 at 8:03 pm to pistolpete23
Mind-numbing that some people think this is a good program.
Posted on 7/24/14 at 8:06 pm to WeeWee
WeeWee, he got no subsidy? Most of the younger folks I know got a subsidy that made it very affordable.
Posted on 7/24/14 at 8:13 pm to wfeliciana
quote:
WeeWee, he got no subsidy? Most of the younger folks I know got a subsidy that made it very affordable.
no, he is a farmer and gets enough gov payments (even though it goes in one hand and out the other) to not allow him to get subsidies. However we have a badass insurance agent that used some of the loopholes to allow you to bypass the exchange. Pur gov is so stupid it rights regulations cockblocking itself
Posted on 7/24/14 at 8:36 pm to pistolpete23
What are the consequences if you don't pay the fine?
Posted on 7/24/14 at 8:45 pm to pistolpete23
Thought this was FREE!!!!
WTF????
WTF????
Posted on 7/24/14 at 8:57 pm to pistolpete23
frick these sons of bitches
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