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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 pistolpete23
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 7:48 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 8:03 pm to pistolpete23
Mind-numbing that some people think this is a good program.
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
Posted on 7/24/14 at 9:32 pm to pistolpete23
Wait, so someone who makes 100k is fined 1k? This headline is misleading.
This post was edited on 7/24/14 at 9:35 pm
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