ObamaCare Mandate starts Jan 31 2014

Oct 1 start shopping here...

Found a good website that has some really handy information?  Post your links here...

Return to References, Websites, Facts...




ObamaCare Mandate starts Jan 31 2014

Postby Deleted User 2950 » 26 Sep 2013, 13:24

Starting on October 1, people without health care insurance -- including 10.2 million Latinos -- will be able to shop through the new health care marketplace to compares prices and plans and get covered.

http://www.whitehouse.gov/blog/2013/09/06/what-you-need-know-about-health-care-law-open-enrollment-begins-october-1

*******************

One of the key parts of "ObamaCare" is the individual mandate. Originally purposed by the Heritage Foundation in 1989 the individual mandate requires that all eligible Americans have at least basic health coverage. The individual mandate is officially part of the shared responsilbity provision and is called a individual shared responsibility fee. The fee works like this: if you don't have insurance by January 31st, 2014 or obtain an exemption you get charged a fee for every month you don't have insurance on your year-end taxable income.

How to Avoid the ObamaCare Tax Penalty
Those who have insurance through work or currently do not have insurance obviously have nothing to worry about when it comes to the tax penalty. Those on Medicare or Medicaid will also be exempt. Aside from this Americans below the %133 FPL threshold will be exempt as well. Overall around 26 million Americans will be exempt from the tax penalty.

How the ObamaCare Tax Penalty Works
Your tax penalty for not having insurance is paid on your taxes at the end of the year. If your taxable income is below 133% of the FPL you are exempt from this tax.
2014 = $95 per person per year or 1% of your Income
2015 = $325 per person per year or 2% of your Income
2016 = $695 per person per year or 2.5% of your Income
2017 = Tax Penalty will increase by the rate of inflation going forward, or 2.5% of your Income
Several groups are exempt from the requirement to obtain coverage or pay the penalty, including:
• People who would have to pay more than 8 percent of their income for health insurance
• People with incomes below the threshold required for filing taxes (in 2012, $9,750 for a single person and $27,100 for a married couple with two children)
• People who qualify for religious exemptions
• Undocumented immigrants
• People who are incarcerated
• Members of Native American tribes

For those who can afford it and choose not to purchase health insurance the tax will be unavoidable. The money collected from these taxes goes towards funding ObamaCare and subsidizing hospitals who will have to cover unpaid emergency room visits. The money is also a down payment on your almost inevitable use of the health care system.

http://obamacarefacts.com/obamacare-tax-penalty.php
Deleted User 2950
 

Re: ObamaCare Mandate starts Jan 31 2014

Postby aimonaali » 01 Oct 2013, 12:40

We have a similar system here in Finland. It works. Although I usuallu use private hospitals, but even then I wont have to pay the whole sum.
aimonaali
Proctosphincteranalogist
 
Posts: 137
Topics: 15
Joined: 21 Jan 2013, 17:00
Has thanked: 3 times
Been thanked: 1 time
Gender: Male


  • Similar Topics
    Replies
    Views
    Last post

Return to References, Websites, Facts...



Who is online

Users browsing this forum: No registered users and 4 guests