Posted on 02/19/2015 7:36:42 AM PST by reaganaut1
Millions of Americans may be in for a shock when they file tax returns and learn that they have to pay a fine for failing to enroll in health insurance in 2014 and an even bigger fine for failing to enroll in 2015 before the enrollment period ended on Feb. 15. While there is nothing they can do to avoid the 2014 fine, which must be paid this year, they could avoid the 2015 fine, payable next year, if the Obama administration allowed them more time to enroll.
The government should open a special enrollment period that lasts beyond April 15, the traditional filing time for most taxpayers. That would be fair to millions of consumers who remain uninformed about the health care law and ignorant about the subsidies it provides and the penalties for failing to enroll. And it would strengthen implementation of health care reform.
The Affordable Care Act requires most Americans to obtain health insurance or, with some exceptions, pay a fine, which is assessed at the time they pay their income taxes. For individual adults who failed to enroll in 2014, the fine is $95 or 1 percent of applicable yearly income, whichever is higher. For individuals who failed to enroll in 2015, the fine will jump to $325 or 2 percent of applicable yearly income, to be paid when taxes are filed next year. That is a big jump that will hurt many people on modest incomes. The fines leap even higher the following year.
President Obama said on Tuesday that 11.4 million people had selected private insurance plans or renewed their coverage in the enrollment period that ended on Feb. 15. Many people cited the threat of penalties if they failed to obtain insurance.
(Excerpt) Read more at nytimes.com ...
Finished my taxes and couldn’t find the box to check I have insurance. So downloaded the Federal for and same. Nothing. So I ask how these idiots know that in 2014 I had insurance or is will this crazy thing be on the 2015? What shit!!!!!!!!!!!
I did mine with H&R Block, and doing it online asked me about insurance, and what sort did I have. (shakes head)
Fining people for not engaging into a private contract.
What could be more un-American than that?
Line 38 on 1040A
And what about the MSM coverage on the west coast strikes of dock workers ???
Not a single mention of the Obamacare tax on cadillac insurance plans and that that is the NUMBER ONE dispute in the contract negotiations with the unions.
Crickets.
Not a fine - it’s just a tax. Ask the Supreme Court.
I have succeeded forever in not using my SSN for any medical. I am on my wife’s plan and I have never submitted SSN for myself or dependent, anywhere.
If the I.R.S. form where I have to prove I have insurance, forces me to enter a policy number or insurance company reference number, I suspect that in-time, my SSN that the IRS has, will be given to the insurance company and in-turn to the medical providers that currently do not have it.
Hey, they are just finding out what was in the bill that their idol got over on them. ‘Serves them right!
[i]Fining people for not engaging into a private contract.
What could be more un-American than that?[/i]
Taxing people for not engaging into a private contract, :) ?
“The government should open a special enrollment period that lasts beyond April 15, the traditional filing time for most taxpayers. That would be fair to millions of consumers who remain uninformed about the health care law and ignorant about the subsidies it provides and the penalties for failing to enroll. And it would strengthen implementation of health care reform.”
Fair? The law has been in place for 4 years. The fact that Demcorats thought they would still own congress and the senate 4 years later so they could hide this is their problem.
Kill the damned Bill.
Don’t know what plan you’re on, but everyone I’ve been on (both government and private) have enrollment periods.
But they don’t apply if you have a change in situation. If you have a new baby, they can be added any time. If you get married, your wife can be added any time.
But if you suddenly decide to add your 3 year old son to your policy, you can only do it during an enrollment period. If you want to add your wife to your plan later, you can only do it during an enrollment period.
And of course if you start a new job you can be added to the plan at any time. But if you worked for the company for 5 years and suddenly want to get their insurance, you can only do it during an enrollment period.
It’s the “change in situation” that’s the key here.
nyt = enemies of America
Once again...
It’s not a fine, it’s not a penalty, it’s an Individual Shared Responsibility Payment.
Sharing is good, and so is responsibility.
So why should anyone object to this?
Limited enrollment periods for health insurance are a way of reducing the odds of someone waiting until sick to sign up. It is a legal way to manage the risk pool.
Hilarious.
The New York Times pushed for Obamacare and now that they don’t like how it actually works in practice, they want Obama to unilaterally repeal parts of it.
Screw ‘em.
The reason there is a short enrollment period is this was the insurance industry’s price for signing onto Obamacare.
If enrollment wasn’t artificially limited, people could wait until they got sick and then sign up to be insured.
The insurance companies hated it so they got Congress to ban a true free market and help them jack up prices.
The joker in the deck of course is that its named the “Affordable Care Act.”
Yup.
It reduces the risk for insurance companies.
Every one else can no longer buy health insurance any time of the year they want.
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