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Penalty for no health insurance....will it effect you?

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Last activity 2014-03-24 10:09 PM
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Bear
Reg. Dec 2007
Posted 2014-03-22 1:51 PM
Subject: Penalty for no health insurance....will it effect you?



BHW Resident Surgeon


Posts: 25352
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Location: Bastrop, Texas
I wonder how many people think ObamaCare is of no concern to them.
If you don't have health insurance, think again, so you won't get caught by surprise next year when you file your tax return for 2014.

If you don't have insurance:

- For 2014, the penalty is either $95 or 1% of your income, whichever   is GREATER.

- For 2015, the penalty is either $325 or 2% of your income, whichever is GREATER.

- For 2016, the penalty is either $695 or 2.5% of your income, whichever is GREATER.

So, if your income in 2014 happens to be $50,000, you will be stuck with a $500.00 "tax".  By 2016, you will be stuck with an added "tax" of $1,250.  I don't know about you, but to me, that's a nice chunk of change.

Notice how they slowly, incrementally increase the tax (or, if you wish to call it "penalty")?  That's called incrementalism, and they slowly squeeze your earnings away.  Let's keep in mind that over the last 5 years, the median household income has dropped steadily by about $6-7 K.  

How do you like them apples?  Carry on, comrades.
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Swannranch
Reg. Sep 2005
Posted 2014-03-22 2:03 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Miss Southern Sunshine


Posts: 7427
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Location: South Central Florida
My son is the one I worry about.  He is 27, but went back to school for another degree and we said we would help.  At the time, I didnt think about insurance.  

Now he has none, he has zero income and is in a very intense schooling program.  He does not qualify for any of the "subsidies" and his "estimated" insurance is looking at in the neighborhood of $600 a month.  We can't help him with that...He ownes his car, lives with my sister and we pay for his Cell phone and fuel...he helps my sister with handyman projects and maintenance on the house for his food.  We also help with his car insurance. 

I can't imagine what he is going to be facing.  Hopefully he will graduate early next year and be able to find a job with insurance, but that is always questionable. . . 

He has worked either part time or full time since he was 14.  When he wanted to do this I thought it sounded like a great idea and we (the whole family) wanted to help.  Now. . . . .ugh
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MidnightMixer
Reg. Jun 2010
Posted 2014-03-22 2:19 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Veteran


Posts: 122
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Oh I thought it was just the first figure not the percentage. That does change things a bit for the later years. First couple years I'll take the fine. Husband and I can't afford the $350 a month they quoted us for insurance. We don't live extravagant, I do have a truck it's an '07 and he rides a scooter back and forth to work. We make enough to pay basic bills and go out a couple times a month for drinks or dinner. Had to get rid of my horse so that I could try and start paying off credit card bills.
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Bear
Reg. Dec 2007
Posted 2014-03-22 2:31 PM
Subject: RE: Penalty for no health insurance....will it effect you?



BHW Resident Surgeon


Posts: 25352
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Location: Bastrop, Texas
Unless you husband earns under $9500 a year, it is the greater of the two numbers and it will increase every year till 2016.  
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Itsme
Reg. Jul 2013
Posted 2014-03-22 2:42 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Expert


Posts: 1561
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We allow our govt to push us around, tax us on everything, rape us roadside, take our property, so this should be no surprise.

Hey, they are saving us from that evil mold though!!
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GoGaited
Reg. May 2013
Posted 2014-03-22 3:11 PM
Subject: RE: Penalty for no health insurance....will it effect you?



Veteran


Posts: 292
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Location: Northeast Nebraska
TAX STRIKE.
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Bear
Reg. Dec 2007
Posted 2014-03-22 3:26 PM
Subject: RE: Penalty for no health insurance....will it effect you?



BHW Resident Surgeon


Posts: 25352
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Location: Bastrop, Texas
GoGaited - 2014-03-22 3:11 PM TAX STRIKE.

That's right....starve the bloated beast.  Break it down and start all over again.
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mouse
Reg. Dec 2003
Posted 2014-03-22 3:54 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Expert


Posts: 1815
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I thought Oblamer was trying to put off the penalty for a couple years, you know, until after the elections...... 
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rockette
Reg. Jul 2013
Posted 2014-03-22 4:33 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Extreme Veteran


Posts: 557
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Location: Kansas and loving it
I get tired of the people who don't have insurance but sure think the hospital should give free care. People who filed for charity and the hospital writes it off, aggravates me. If you don't want insurance, fine, but pay your bills.
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yipyap
Reg. Oct 2004
Posted 2014-03-22 6:43 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Veteran


Posts: 111
100
Location: Austin, TX
rockette - 2014-03-22 4:33 PM I get tired of the people who don't have insurance but sure think the hospital should give free care. People who filed for charity and the hospital writes it off, aggravates me. If you don't want insurance, fine, but pay your bills.
You hit the nail on the head.  I live close to the county line and and I see the ambulances heading in to my county all the time - we have hospitals.  Of course some of those people have insurance but do those counties reimburse my county for indigent care?  No.  Can we get our legislature to get off their backends and pass something where counties with hospitals can collect from surrounding counties.  No.  So who pays the bills, us poor suckers with insurance and pay taxes in these counties.  Someone is paying the bill for those who do not have insurance and don't pay.  One of the hospitals here had $10 million in uninsured care last year. 

Edited by yipyap 2014-03-22 6:45 PM
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AfleetEquine
Reg. Mar 2013
Posted 2014-03-22 7:03 PM
Subject: RE: Penalty for no health insurance....will it effect you?



Extreme Veteran


Posts: 473
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I HATE THIS.
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daisycake123
Reg. Dec 2006
Posted 2014-03-22 7:04 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Sock Snob


Posts: 3021
20001000
There is a glitch in the law, i heard this on a news show. That if obamacare made you lose you coverage that you are exempt from the law, and they where saying someone went on website that you have to fill out the exemption that you dontmhave to prove anything, just fill out form and your exempt.
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cow pie
Reg. Nov 2009
Posted 2014-03-22 8:17 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Military family

Sock eating dog owner


Posts: 4557
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Location: Where the pavement ends and the West begins Utah
How do you pay for this great OBAMACARE without a job? Just like car insurance. You cant drive without it, cant go to interviews without a car, bus is 12 miles away and know no one to even hitch a ride with in a area into which you just moved. Designed only for the rich and loud mouths and really puts a strain on young old poor and especially women....I hope someone puts the white house in their graves. OBAMA CARE AND OBAMA #$%^&*()
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yipyap
Reg. Oct 2004
Posted 2014-03-22 9:10 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Veteran


Posts: 111
100
Location: Austin, TX
cow pie - 2014-03-22 8:17 PM How do you pay for this great OBAMACARE without a job? Just like car insurance. You cant drive without it, cant go to interviews without a car, bus is 12 miles away and know no one to even hitch a ride with in a area into which you just moved. Designed only for the rich and loud mouths and really puts a strain on young old poor and especially women....I hope someone puts the white house in their graves. OBAMA CARE AND OBAMA #$%^&*()

Have you spoke to someone who is a advisor on the subject?  If you had a medical need, perhaps you would be covered by Medicaid.  If you have access to the internet I would apply online and plan interviews on one day.  Somehow you got to where you are and hopefully that method will get you to interviews.   As far as the Obama rant, I see many complaining about the plan but no one seems to have a alternative solution. 

It sounds like you are not in a good place right now and I hope things turn around for you. 
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amyliz
Reg. Sep 2007
Posted 2014-03-22 9:23 PM
Subject: RE: Penalty for no health insurance....will it effect you?



Princess Goontard


Posts: 4744
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Location: Texas
Don't like them apples at all. Have seen every single person in my company with children on their insurance freak out. NO ONE is happy. There's been NOTHING positive for them
with Obamacare. NOTHING.
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yipyap
Reg. Oct 2004
Posted 2014-03-22 9:30 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Veteran


Posts: 111
100
Location: Austin, TX
amyliz - 2014-03-22 9:23 PM Don't like them apples at all. Have seen every single person in my company with children on their insurance freak out. NO ONE is happy. There's been NOTHING positive for them with Obamacare. NOTHING.

 Where the minor children on CHIP before or did they have private coverage? 
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Bear
Reg. Dec 2007
Posted 2014-03-22 9:49 PM
Subject: RE: Penalty for no health insurance....will it effect you?



BHW Resident Surgeon


Posts: 25352
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Location: Bastrop, Texas
yipyap - 2014-03-22 9:30 PM
amyliz - 2014-03-22 9:23 PM Don't like them apples at all. Have seen every single person in my company with children on their insurance freak out. NO ONE is happy. There's been NOTHING positive for them with Obamacare. NOTHING.
 Where the minor children on CHIP before or did they have private coverage? 

Do you think Obama's ULTIMATE goal is to establish a totally government-run healthcare system?  I mean "Single Payer".  Do you think this whole ACA is merely "phase 1" into incrementally driving this country to a point where single payer (ie: purely socialized healthcare) is the only option?
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firewaterfuelsme
Reg. Feb 2013
Posted 2014-03-22 9:58 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Extreme Veteran


Posts: 448
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Location: lone star state
Yes this is first step toward socialized health care :(
How do you lead blind dumb sheep? One step at a time....
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Bibliafarm
Reg. Jul 2008
Posted 2014-03-22 10:49 PM
Subject: RE: Penalty for no health insurance....will it effect you?


Military family

Warmblood with Wings


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Location: Florida..

I was talking to a friend of mine who is  ER dr and he told me one evening that 75% of the people that come in wait and go in at night when drs are closed and had NO intentions of going to a dr.. they go to ER..and most dont speak english and cant pay nor have insurance.. ****es me off.. if you go to a er and your in waiting room (exception mayo hospital) adn im sure others.. and you know that when you leave you will have at least a 2500 bill to pay before you walk out the door.. and yet some wont pay  a dime.other thing that bothers me? isnt to do with health care but i drive down the road now and see Guys appear to be early 20's... just hanging out.. walking the roads, and I cant help but think.. get a job. they go in to store at noon and get sixpacks.. everything is so bad these days.

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Nevertooold
Reg. Oct 2003
Posted 2014-03-22 10:53 PM
Subject: RE: Penalty for no health insurance....will it effect you?



I Prefer to Live in Fantasy Land


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Location: In the Hills of Texas
HotbearLVR - 2014-03-22 9:49 PM
yipyap - 2014-03-22 9:30 PM
amyliz - 2014-03-22 9:23 PM Don't like them apples at all. Have seen every single person in my company with children on their insurance freak out. NO ONE is happy. There's been NOTHING positive for them with Obamacare. NOTHING.
 Where the minor children on CHIP before or did they have private coverage? 
Do you think Obama's ULTIMATE goal is to establish a totally government-run healthcare system?  I mean "Single Payer".  Do you think this whole ACA is merely "phase 1" into incrementally driving this country to a point where single payer (ie: purely socialized healthcare) is the only option?

Single payer has been their goal since day one and screwing up everyone's insurance is the first step of us accepting it.

After having great health insurance for over 44 years...I no longer have health insurance. I have catastrophic insurance and after paying $6,000. a year in premiums, I have to spend another $6,000. before I get any coverage. Such a deal.

 
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