In which case you will pay the tax penalty for having a non-compliant policy. Simply Absurd! You will be penalized by the government for having insurance that is either too bad or too good to meet the Obamacare criteria.
Obamacare To Increase Individual-Market Premiums By Average Of 41%
- Thread starter gwb-trading
- Start date
In which case you will pay the tax penalty for having a non-compliant policy. Simply Absurd! You will be penalized by the government for having insurance that is either too bad or too good to meet the Obamacare criteria.
Yes. Read it for yourself.
http://money.usnews.com/money/blogs...amacare-the-penalties-for-uninsured-americans
To avoid a penalty, you must have health insurance that meets the law's minimum standards for coverage. This "minimum essential coverage" must be offered by any individual insurer or small employer who offers health insurance.
Effective Jan. 1, 2014, Obamacare requires all eligible individuals, including children, to have health insurance. Failure to be insured can trigger a penalty fee of $95 per adult and $47.50 per child in 2014. If you have individual coverage but your dependent children aren't insured, you can still face penalties on them.
The only mainstream exception is for corporate insurance health plans where the mandate has been delayed for one year until 2015.
Haven't you heard? Your buddy Obama has legalized kickbacks fraud and bribery in the health care industry.
Posted yesterday:
The Obama administration exempted the federal exchanges and subsidies in ObamaCare from federal health laws against kickbacks, fraud, and bribery, the New York Times reported last week. CNN has ignored this story, however.
The Times stated: "The surprise decision, disclosed last week, exempts subsidized health insurance from a law that bans rebates, kickbacks, bribes and certain other financial arrangements in federal health programs." Commentary magazine noted that "it encourages precisely the kickback schemes this statute was put in place to prevent."
The law allows the sales of non-ACA compliant policies. You will have to pay the tax penalty if you use one in 2014 and later.
Most of these plans are offered by insurance companies that are not offering ACA compliant policies in your state. Most are sold via insurance brokers - so buyer beware.
Supposedly the only way the feds can collect the penalty is to take it out of a tax refund. It's going to be very interesting to see if the gov't just blatantly disobeys the law and tries to collect in some other way or if congress decides to 'fix' this flaw in the law and the rino's help the democrats do it while pretending that they tried to stop it.