Health Insurance Marketplace

[Gina B]

Well that stinks, especially considering that the fine is supposed to be equal to the cost of the lowest health plan.
I imagine that your situation is common. We're being pushed to the bring because of the effects of this, and we're a family that is allegedly "unaffected."
I'm worried about this country rioting.

 

[Revmitchell]

Well that stinks, especially considering that the fine is supposed to be equal to the cost of the lowest health plan.
I imagine that your situation is common. We're being pushed to the bring because of the effects of this, and we're a family that is allegedly "unaffected."
I'm worried about this country rioting.

My fine is only 95 dollars

 

[Gina B]

My fine is only 95 dollars

Really? That was definitely misinformation in what they put out!

I did read that they don't know how they're going to collect the fines yet. They did mention the possibility of taking it out of tax returns, but didn't say what happens if the person isn't getting a tax return.

They really shouldn't be putting this into action if they don't know what they're doing.

Then again, if everyone stopped doing everything because they didn't know what they were doing, not much would be getting done.

Which might not be so bad after all. :laugh:

 

[Revmitchell]

They did mention the possibility of taking it out of tax returns,

That is how I understand it.

but didn't say what happens if the person isn't getting a tax return.

You will just owe instead of get a return.

 

[thisnumbersdisconnected]

PRINCETON, NJ -- Nearly two in three uninsured Americans say they will get insurance by Jan. 1, 2014, rather than pay a fine as mandated by the Affordable Care Act (ACA), while one in four say they will pay the fine

http://www.gallup.com/poll/164696/two-three-uninsured-americans-plan-buy-insurance.aspx

They need an estimated 92% participation to pay for it. That's out of all Americans, not just the uninsured. They have to put private insurers out of business to do that. Seventy-five percent won't pay for the program and it will become a black-hole drain on the budget. That's why they've designed the program to force private insurers to increase rates by no less than 55% -- and in some cases, trebled or quadrupled -- across the board. This is quite simply a government program solely designed for the purpose of destroying the free-enterprise system in health insurance. Because it is taxpayer supported far beyond the premiums charged, the private companies cannot compete, and HHS and the IRS knew this from the start.

Once that information becomes common knowledge, people are going to rise up and demand the ACA be repealed. Particularly when the premiums will have to increase because participation will never, not in a million years, reach 92% even if all the private insurers close their doors -- which also won't happen, because some of the are too stubborn to let the government force them out. Live with it. It's going to fail, no matter how many pretty numbers you try to attach to it.

My fine is only 95 dollars

Next year it will be, as the 2014 penalty is prescribed at $95 or 1% of household income, whichever is greater. By 2017, it will be $695 plus a cost of living adjustment, or 2.5% of household income, whichever is greater.

 

[webdog]

That is how I understand it.



You will just owe instead of get a return.

I was just reading if you dont qualify financially to file taxes the penalty is waived

 

[webdog]

According to their calculator my insurance will cost me almost 12000 dollars a year and I get no subsidy. I can assure you that is way beyond what I can afford.

Medishare and Christian Healthcare Ministries are a lot less than that and exempt from ACA

 

[Gina B]

I was just reading if you dont qualify financially to file taxes the penalty is waived

If that's the case, then wouldn't that person be covered under ObamaCare anyhow, either under the expanded Medicaid or if a state has opted out, qualify to have insurance paid by a federal subsidy? I know the one poster on here didn't qualify for a subsidy, but you'd think someone whose income was so low that they don't file taxes (which you have to file with pretty much ANY income) would be among the first covered!

After all, that was the point of this plan - to provide health care coverage for poor people. They're not going to take advantage of it? This plan is going to destroy the nation and they're not going to penalize poor people for not taking it? I say hold them down and shove that insurance card in their pocket, smack the ground three times and yell COVERED!

 

[webdog]

If that's the case, then wouldn't that person be covered under ObamaCare anyhow, either under the expanded Medicaid or if a state has opted out, qualify to have insurance paid by a federal subsidy? I know the one poster on here didn't qualify for a subsidy, but you'd think someone whose income was so low that they don't file taxes (which you have to file with pretty much ANY income) would be among the first covered!

After all, that was the point of this plan - to provide health care coverage for poor people. They're not going to take advantage of it? This plan is going to destroy the nation and they're not going to penalize poor people for not taking it? I say hold them down and shove that insurance card in their pocket, smack the ground three times and yell COVERED!

My state hasn't expanded Medicaid, so they would not be 'fined'. The whole bill is a farce.

 

[Jedi Knight]

So if it's Law now.... the House can do nothing? Still watching the showdown. I'm thinking to pay the penalty...would be cheaper.

 

[InTheLight]

So if it's Law now.... the House can do nothing? Still watching the showdown. I'm thinking to pay the penalty...would be cheaper.

There are certain elements of the law that are already in effect and Republicans (apparently) are not trying to reverse them. The insurance exchanges open in 4 hours.

Yes, if someone is not insured and don't want to get insurance the penalty is cheaper than insurance rates.

 

[webdog]

So if it's Law now.... the House can do nothing? Still watching the showdown. I'm thinking to pay the penalty...would be cheaper.

Probably, not to mention you can now buy insurance once some disease happens

 

[InTheLight]

Probably, not to mention you can now buy insurance once some disease happens

You will be able to sign up for insurance between Oct 1 and Dec 31 each year. So be sure to schedule your diagnosis of cancer or schedule your crippling auto accident in December instead of January.

 

[thisnumbersdisconnected]

You will be able to sign up for insurance between Oct 1 and Dec 31 each year. So be sure to schedule your diagnosis of cancer or schedule your crippling auto accident in December instead of January.

So now we're advocating fraud?

 

[webdog]

You will be able to sign up for insurance between Oct 1 and Dec 31 each year. So be sure to schedule your diagnosis of cancer or schedule your crippling auto accident in December instead of January.

Chances are if that happened, you would then be eligible for medicaid due to income...or use the ER like most do now.

 

[Revmitchell]

Medishare and Christian Healthcare Ministries are a lot less than that and exempt from ACA

Thanks Medishare puts me back in the market, exempts me from obamacare and paying for abortions. Also we get info of those we share with and can pray with them. Nice.

 

[InTheLight]

So now we're advocating fraud?

No. My point is that people that wait until they are sick to sign up are foolish because they might get sick months before the annual sign up period, possibly incurring thousands and thousands of out-of-pocket expenses. That is, <sarcasm begins now> unless they can schedule their sickness or accident right before the signing up window closes.

 

[webdog]

No. My point is that people that wait until they are sick to sign up are foolish because they might get sick months before the annual sign up period, possibly incurring thousands and thousands of out-of-pocket expenses. That is, <sarcasm begins now> unless they can schedule their sickness or accident right before the signing up window closes.

Enrollment goes through 3/31, BTW. 6 months to enroll...flip of the coin :smilewinkgrin:

 

[thisnumbersdisconnected]

No. My point is that people that wait until they are sick to sign up are foolish because they might get sick months before the annual sign up period, possibly incurring thousands and thousands of out-of-pocket expenses. That is, <sarcasm begins now> unless they can schedule their sickness or accident right before the signing up window closes.

Again, most people are not going to sign up, despite your reading the federal exchange servers crashing this morning as a solid sign that they are. Here's why:

http://www.cato.org/sites/cato.org/files/serials/files/regulation/2013/1/v35n4-5.pdf

Note that average incomes -- and most people earn in the neighborhood of $40K-$45K, particularly with two income families -- create a situation that puts the family upside down as to insurance cost vs. the penalty for not having insurance. For single wage earners, or just plain singles, it makes no sense to sign up for insurance that costs more than the penalty, which disinformation has stated provides insurance. It does not. It's just a penalty.

The median income in this country is about $57,000. That means that nearly 70% of all households would be upside down, insurance cost vs. penalty. Your Great Pretender's program is doomed, and he knows it. That's why the directive is out not to compromise. His "landmark legislation" is a landmark fiasco in the works, and he has to get it nailed down tight before everyone figures that out. I believe he is too late.

 

[InTheLight]

Enrollment goes through 3/31, BTW. 6 months to enroll...flip of the coin :smilewinkgrin:

OK, I did not know that. I thought it was a 3 month window. Still, as you say it's a 50/50 gamble to wait.