quote:

ObamaCare fines loom for uninsured

People without insurance are running out of time to avoid the hefty ObamaCare penalties that the IRS will be handing down in 2016.

Consumers face a Feb. 15, 2015, deadline to buy insurance, after which those without coverage could be hit with fines of $325 per adult or 2 percent of family income, whichever is higher.

Uninsured people looking to escape the penalties are turning to the exchanges before they close, while insurance companies and tax preparers are seizing on the looming tax hit as a business opportunity.

One recent mass mailer from CareFirst BlueCross BlueShield obtained by The Hill warned potential customers in the Washington, D.C., region that going without health insurance coverage would come with a steep cost.

“When you don’t have health insurance ... you put your financial security at risk,” the mailer states. “That’s because under the new Affordable Care Act legislation, millions of Americans will have to pay an increased penalty tax of at least 2 percent of their income in 2015 if they go uninsured.”

The “good news,” the letter said, is that CareFirst BlueCross BlueShield has “solutions” to help people avoid the penalty, including coverage that is “compatible with financial assistance or free money from the government that will help qualifying individuals pay for insurance.”

The company declined to comment on the mailer...

***

Under the second-year enrollment rules, families that forgo insurance could end up owing $1,000 or more.

***

In promotional materials, H&R Block and Jackson Hewitt Tax Service say they can provide consumers relief, arguing that healthcare reform is making tax planning more difficult.

***

Jackson Hewitt urges consumers to stop by one of its locations, promising that their employees “work harder to keep up with the latest tax law changes to protect you from possible penalties — not everyone else does.”

The marketing around the healthcare law is taking flight at a time when surveys show the public remains deeply confused about the mandate.

Almost half of U.S. adults are unaware they must report their health insurance status on their 2014 tax returns, according to a TurboTax survey released earlier this month.

And while about three in five uninsured people know the law penalizes people without coverage, nearly 90 percent do not realize the 2014 deadline has already passed.

As a result, experts are urging insurers and the federal government to do more to emphasize the mandate this enrollment period...

quote:

ORIGINAL: Musicmystery

If you didn’t have coverage in 2014, you’ll pay the higher of these two amounts when you file your 2014 federal tax return:

* 1% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.

* $95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.

Neither "mass confusion" nor "unaffordable"

Meanwhile, the number of Americans without health insurance has been reduced by about 25 percent this year — or eight million to 11 million people.

quote:

ORIGINAL: Musicmystery

If you didn’t have coverage in 2014, you’ll pay the higher of these two amounts when you file your 2014 federal tax return:

* 1% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.

* $95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.

Neither "mass confusion" nor "unaffordable"

Meanwhile, the number of Americans without health insurance has been reduced by about 25 percent this year — or eight million to 11 million people.

quote:

ORIGINAL: Sanity


If they dont know about it and dont enlist by the mandatory date (which millions dont) they get a major tax penalty fine surprise, a fact that the government propagandists have not broadcast for political reasons

quote:

ORIGINAL: Lucylastic

quote:

ORIGINAL: Sanity


If they dont know about it and dont enlist by the mandatory date (which millions dont) they get a major tax penalty fine surprise, a fact that the government propagandists have not broadcast for political reasons

omg the lies
http://www.irs.gov/Affordable-Care-Act/Individuals-and-Families
http://www.irs.gov/Affordable-Care-Act

http://kff.org/infographic/the-requirement-to-buy-coverage-under-the-affordable-care-act/

http://obamacarefacts.com/obamacare-mandate-exemption-penalty/

http://taxpolicycenter.org/taxfacts/acacalculator.cfm

https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/

http://en.wikipedia.org/wiki/Patient_Protection_and_Affordable_Care_Act

quote:

ORIGINAL: Sanity

quote:

ORIGINAL: Musicmystery

If you didn’t have coverage in 2014, you’ll pay the higher of these two amounts when you file your 2014 federal tax return:

* 1% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.

* $95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.

Neither "mass confusion" nor "unaffordable"

Meanwhile, the number of Americans without health insurance has been reduced by about 25 percent this year — or eight million to 11 million people.

Yes MM, $1000 (1% of 10,000) is a lot of money for poor families and individuals

quote:

ORIGINAL: Sanity

quote:

ORIGINAL: Lucylastic

quote:

ORIGINAL: Sanity


If they dont know about it and dont enlist by the mandatory date (which millions dont) they get a major tax penalty fine surprise, a fact that the government propagandists have not broadcast for political reasons

omg the lies
http://www.irs.gov/Affordable-Care-Act/Individuals-and-Families
http://www.irs.gov/Affordable-Care-Act

http://kff.org/infographic/the-requirement-to-buy-coverage-under-the-affordable-care-act/

http://obamacarefacts.com/obamacare-mandate-exemption-penalty/

http://taxpolicycenter.org/taxfacts/acacalculator.cfm

https://www.healthcare.gov/fees-exemptions/fee-for-not-being-covered/

http://en.wikipedia.org/wiki/Patient_Protection_and_Affordable_Care_Act

Youre just going to throw a bunch of links out, hoping no one clicks on the links? Because there are no lies. Most people are getting worse coverage for more money under Obamacare, there ARE substantial fines for failing to enlist, the deductibles for the high priced plans are astronomical in many cases... The tax penalty fine is real...

What exactly are you attempting to dispute if it isnt just your typical obfuscation

quote:

ORIGINAL: thishereboi

quote:

ORIGINAL: Musicmystery

If you didn’t have coverage in 2014, you’ll pay the higher of these two amounts when you file your 2014 federal tax return:

* 1% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.

* $95 per person for the year ($47.50 per child under 18). The maximum penalty per family using this method is $285.

Neither "mass confusion" nor "unaffordable"

Meanwhile, the number of Americans without health insurance has been reduced by about 25 percent this year — or eight million to 11 million people.

I have also heard that if you make below a certain amount you will be exempt from the fine. I guess it pays to be underemployed. You will still get your refund. Of course according to this http://nationalreport.net/2014-federal-tax-refunds-delayed-october-2015/ you won't get it till the end of the year but that's another thread.

quote:

ORIGINAL: Sanity


If they dont know about it and dont enlist by the mandatory date (which millions dont) they get a major tax penalty fine surprise, a fact that the government propagandists have not broadcast for political reasons

quote:

ORIGINAL: Musicmystery
his main link is also erroneous, as it quotes the 2015 tax year information, not the 2014.

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)
  

quote:

ORIGINAL: Musicmystery
if it isn't Mr. Numbers.
Hey, why stop there? You could go with the 2017 figures, and beyond if you estimate inflation.
Make it extra scary. Insured people -- that's just creepy.

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)
  

quote:

ORIGINAL: Musicmystery
Hey! You can understand ridicule when you see it! Excellent!
That's progress.

• A Conservative interpretation of the US Constitution
  
• Personal Responsibility
  
• Help for the truly needy
  
• Limited Government
  
• Consumption Tax (non-profit charities and food exempt)
  

quote:

ORIGINAL: crazyml

Fuck me.... is there still time for you to edit this.

I mean... it really makes you look fucking stupid.